devaluation energizes argentine soybean crush · 17-feb-16. arg. peso. exchange rate* and constant...

United States Department of Agriculture Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

March 2016

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Exchange Rate* and Constant Dollar Trends

Exchange Rate (Peso/Dollar) Constant Dollar@ 30% Inflation

Devaluation Energizes Argentine Soybean Crush

*Source: U.S. Treasury Recent policy changes in Argentina have helped energize many sectors of the agricultural economy. In addition to a lowering in the exchange rate and ending restrictions on converting pesos to dollars, many export taxes and restrictions have also been eliminated. For wheat, corn, and sunflower seed, this has led to a surge in producer sales. For soybeans and products, which have never faced export restrictions, export taxes were only reduced 5 percentage points resulting in a more modest rise in producer sales. Soybean processors, in contrast, have reacted to the lower exchange rate by dramatically increasing crush volumes. Accordingly, soybean crush for the first quarter of 2016 is forecast to rise nearly 60 percent over the same quarter in 2015 and is likely to exceed the quantity processed in the Oct – Dec quarter of 2015. Though processors in Argentina have generally been increasing meal and oil production from year to year in response to rising global demand, a strengthening peso -- when accounting for inflation -- had been significantly impacting competitiveness and profitability of the sector. With a 40 percent devaluation of the peso on December 19, however, coupled with continued depreciation, both competitiveness and profitability have improved dramatically. Processors anticipated the change and have been holding additional stocks that are now being rushed to market. This expansion is expected to continue for the next few months when additional supplies from the 2016 harvest will become available. Subsequently, crush is expected to resume growing in line with historical trends. The rapid increase in Argentine processing activity in early 2016 will be felt by other soybean meal and oil exporters who will now face additional competition in global export markets. This higher crush could also add downward pressure on meal prices worldwide. For an email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/new

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Argentina Quarterly Soybean Crush Volume

2013 2014 2015 2016

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OVERVIEW Global soybean production is down this month on lower estimates for Russia and Serbia while exports are raised on greater shipments from Brazil. Imports are boosted this month with growing demand in China and Bangladesh more than offsetting reduced shipments to the European Union, Mexico, and Pakistan. Global stocks are also lowered this month, reflecting rising crush in Argentina and strong demand for protein meal. The U.S. season-average farm price is lowered slightly. SOYBEAN PRICES U.S. export bids in February, FOB Gulf, averaged $345/ton, down $10 from last month. As of the week ending February 25, U.S. 2015/16 soybean export commitments (outstanding sales plus accumulated exports) to China totaled 26.7 million tons compared with 29.7 million a year ago. Total commitments to the world are 42.4 million tons, compared with 47.6 million for the same period last year.

2015/16 TRADE CHANGES • Argentina soybean meal exports are up 1.1 million tons to 32.8 million and soybean oil exports

are raised 165,000 tons to 5.9 million in response to a larger crush forecast. • Bangladesh soybean imports are up 100,000 tons to 1.1 million on a strong pace of trade to date. • Brazil soybean exports are boosted 1.0 million tons to 58.0 million on strong demand mainly

from China. • Canada rapeseed exports are up 300,000 tons to 9.3 million reflecting strong demand from the

European Union. • China

o Soybean imports surge 1.5 million tons to 82.0 million reflecting a strong pace of trade in the first half of the marketing year and continued strong demand for protein meal.

o Rapeseed imports are down 100,000 tons to 4.2 million on an expected slower pace of trade due to lower exportable supplies in Australia and growing soybean imports.

o Palm oil imports are reduced 200,000 tons to 5.5 million as rising soybean crush is providing additional supplies of domestically produced vegetable oil.

• European Union o Soybean meal imports are raised 400,000 tons to 20.7 million in response to larger

supplies of competitively priced Argentine meal. o Soybean imports are lowered 500,000 tons to 13.2 million as increased meal imports

reduce the need for soybeans for crush. o Rapeseed imports are up 400,000 tons to 2.8 million reflecting strong domestic demand.

Foreign Agricultural Service/USDA March 2016Office of Global Analysis

• India palm oil imports are lowered by 200,000 tons to 9.4 million as global palm oil supplies tighten.

• South Korea soybean meal imports are increased by 100,000 tons to 1.9 million in response to larger global supplies at attractive prices.

• Malaysia palm oil exports fall 400,000 tons to 17.7 million on a lower production forecast. • Mexico soybean meal imports are up 150,000 tons to 2.0 million, and soybean imports are down

200,000 tons to 3.9 million, in response to strong meal imports from the U.S. and consequent reduction in domestic crush of imported beans.

• Pakistan o Soybean meal imports jumped 200,000 tons to 1.2 million, and soybean imports are

reduced 250,000 tons to 1.3 million on increased global supply of soybean meal. o Soybean oil imports are raised 130,000 tons to 210,000 in response to reduced soybean

crush and lower supplies of cottonseed oil. • Russia soybean imports grew by 200,000 tons to 2.3 million in response to robust demand. • Turkey imports of rapeseed are reduced 100,000 tons to 325,000 in response to a slower trade

pace.

Questions may be directed to:

Bill George (202) 720-6234 [email protected] Agata Kingsbury (202) 260-8910 [email protected] Justin Choe (202) 690-4062 [email protected] To download the tables in the publication, go to the Production, Supply and Distribution Database (PSD Online): (http://apps.fas.usda.gov/psdonline/psdHome.aspx), scroll down to Reports, and click the plus sign [+] next to Oilseeds. The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m. FAS Reports and Databases: Current World Markets and Trade and World Agricultural Production Reports:

http://apps.fas.usda.gov/psdonline/psdDataPublications.aspx Archives World Markets and Trade and World Agricultural Production Reports:

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7 Production, Supply and Distribution Database (PSD Online):

http://apps.fas.usda.gov/psdonline/psdHome.aspx Global Agricultural Trade System (U.S. Exports and Imports):

http://apps.fas.usda.gov/gats/default.aspx Export Sales Report:

http://apps.fas.usda.gov/esrquery/ Global Agricultural Information Network (Agricultural Attaché Reports):

http://gain.fas.usda.gov/Pages/Default.aspx


mailto:[email protected]



http://apps.fas.usda.gov/psdonline/psdHome.aspx

http://apps.fas.usda.gov/psdonline/psdDataPublications.aspx

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7

http://apps.fas.usda.gov/psdonline/psdHome.aspx

http://apps.fas.usda.gov/gats/default.aspx

http://apps.fas.usda.gov/esrquery/

http://gain.fas.usda.gov/Pages/Default.aspx

Other USDA Reports: World Agricultural Supply and Demand Estimates (WASDE):

http://www.usda.gov/oce/commodity/wasde/ Economic Research Service:

http://www.ers.usda.gov/topics/crops National Agricultural Statistics Service:

http://www.nass.usda.gov/Publications/


http://www.usda.gov/oce/commodity/wasde/

http://www.ers.usda.gov/topics/crops

http://www.nass.usda.gov/Publications/

List of Tables SUMMARY TABLES Table 01 Major Oilseeds: World Supply and Distribution (Commodity View) Table 02 Major Protein Meals: World Supply and Distribution (Commodity View) Table 03 Major Vegetable Oils: World Supply and Distribution (Commodity View) Table 04 Major Oilseeds: World Supply and Distribution (Country View) Table 05 Major Protein Meals: World Supply and Distribution (Country View) Table 06 Major Vegetable Oils: World Supply and Distribution (Country View) COMMODITY TABLES Table 07 Soybeans: World Supply and Distribution Table 08 Soybean Meal: World Supply and Distribution Table 09 Soybean Oil: World Supply and Distribution Table 10 Soybeans and Products: World Trade Table 11 Palm Oil: World Supply and Distribution Table 12 Rapeseed and Products: World Supply and Distribution Table 13 Sunflowerseed and Products: World Supply and Distribution Table 14 Minor Vegetable Oils: World Supply and Distribution HISTORICAL TABLES Table 15 World Oilseeds and Products Supply and Distribution Table 16 World Soybeans and Products Supply and Distribution Table 17 World Rapeseed and Products Supply and Distribution Table 18 World Sunflowerseed and Products Supply and Distribution Table 19 World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution COUNTRY TABLES Table 20 United States Oilseeds and Products Supply and Distribution Local Marketing Years Table 21 United States Soybeans and Products Supply and Distribution Local Marketing Years Table 22 Brazil Soybeans and Products Supply and Distribution Local Marketing Years Table 23 Argentina Soybeans and Products Supply and Distribution Local Marketing Years Table 24 South East Asia Oilseeds and Products Supply and Distribution Table 25 Middle East Oilseeds and Products Supply and Distribution Table 26 European Union Oilseeds and Products Supply and Distribution Table 27 China Oilseeds and Products Supply and Distribution Table 28 India Oilseeds and Products Supply and Distribution PRICES Table 29 Oilseed Prices Table 30 Protein Meal Prices Table 31 Vegetable Oil Prices


Table 01: Major Oilseeds: World Supply and Distribution (Commodity View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

none

Production none

5.59 Oilseed, Copra 5.79 5.43 5.43 5.51 5.51

48.02 Oilseed, Cottonseed 46.15 45.68 44.34 37.82 37.34

13.85 Oilseed, Palm Kernel 14.89 15.77 16.31 16.43 16.33

38.46 Oilseed, Peanut 40.45 41.12 39.42 40.07 40.62

61.36 Oilseed, Rapeseed 63.53 71.82 71.96 67.68 67.45

240.32 Oilseed, Soybean 268.63 282.75 318.57 320.51 320.21

38.65 Oilseed, Sunflowerseed 35.06 41.62 39.62 39.36 39.42

446.25 Total 474.49 504.18 535.65 527.37 526.88

none

Imports none

0.08 Oilseed, Copra 0.04 0.09 0.08 0.07 0.07



2.36 Oilseed, Peanut 2.34 2.38 2.40 2.59 2.61


93.49 Oilseed, Soybean 95.94 111.78 122.15 127.19 128.16


111.94 Total 113.26 131.85 140.81 144.84 146.03

none

Exports none

0.11 Oilseed, Copra 0.07 0.11 0.10 0.08 0.08



2.98 Oilseed, Peanut 2.66 2.90 3.26 2.84 2.83


92.19 Oilseed, Soybean 100.80 112.70 125.88 129.85 130.90


111.30 Total 118.39 133.50 146.50 148.12 149.33

none

Crush none

5.53 Oilseed, Copra 5.87 5.42 5.39 5.46 5.46



16.65 Oilseed, Peanut 17.40 17.65 17.37 16.82 17.37


228.29 Oilseed, Soybean 229.96 241.21 262.39 275.86 278.04


393.51 Total 395.83 417.98 439.32 446.44 448.81

none

Ending Stocks none

0.29 Oilseed, Copra 0.13 0.09 0.08 0.08 0.08



1.69 Oilseed, Peanut 2.31 2.61 2.05 2.70 2.74


52.64 Oilseed, Soybean 54.67 61.67 77.14 80.42 78.87


65.85 Total 66.50 77.12 90.96 91.21 89.48

Totals may not add due to rounding


Table 02: Major Protein Meals: World Supply and Distribution (Commodity View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

none

Production none

1.83 Meal, Copra 1.94 1.80 1.79 1.81 1.81

15.73 Meal, Cottonseed 15.67 15.63 15.44 13.65 13.36

4.18 Meal, Fish 4.37 4.14 4.29 4.25 4.25

7.27 Meal, Palm Kernel 7.89 8.34 8.62 8.70 8.64

6.46 Meal, Peanut 6.75 6.86 6.76 6.54 6.76

35.58 Meal, Rapeseed 36.89 39.25 40.31 38.88 38.90

180.41 Meal, Soybean 181.12 189.46 206.95 217.02 218.72

15.35 Meal, Sunflowerseed 13.89 16.69 15.99 16.16 16.19

266.79 Total 268.52 282.17 300.15 307.00 308.62

none

Imports none

0.79 Meal, Copra 0.85 0.55 0.66 0.57 0.57

0.42 Meal, Cottonseed 0.40 0.35 0.29 0.34 0.30

2.92 Meal, Fish 2.36 2.60 2.50 2.40 2.40

5.09 Meal, Palm Kernel 5.35 5.41 5.55 5.66 5.66

0.05 Meal, Peanut 0.03 0.08 0.01 0.05 0.05

5.14 Meal, Rapeseed 5.18 5.92 5.59 5.41 5.52

56.99 Meal, Soybean 53.86 57.93 60.20 63.89 64.90


77.50 Total 72.76 78.40 80.14 84.10 85.18

none

Exports none

0.79 Meal, Copra 1.09 0.72 0.75 0.73 0.73

0.57 Meal, Cottonseed 0.54 0.39 0.33 0.29 0.28

2.59 Meal, Fish 2.13 2.18 2.19 2.17 2.17

5.82 Meal, Palm Kernel 6.11 6.38 6.45 6.55 6.55

0.07 Meal, Peanut 0.07 0.08 0.06 0.06 0.06

5.44 Meal, Rapeseed 5.54 6.07 5.84 5.54 5.50

58.27 Meal, Soybean 57.87 60.16 63.58 66.21 67.26


80.30 Total 78.45 82.19 85.04 88.13 89.13

none

Domestic Consumption none

1.75 Meal, Copra 1.79 1.65 1.68 1.70 1.70

15.53 Meal, Cottonseed 15.53 15.62 15.39 13.78 13.44

4.93 Meal, Fish 4.47 4.64 4.63 4.53 4.52

6.67 Meal, Palm Kernel 7.08 7.16 7.70 7.87 7.83

6.47 Meal, Peanut 6.72 6.87 6.71 6.53 6.75

35.21 Meal, Rapeseed 36.75 39.06 40.01 38.88 39.07

177.90 Meal, Soybean 177.33 186.22 201.91 215.63 216.36


262.58 Total 263.97 276.75 293.49 304.51 305.30

none

Ending Stocks none

0.21 Meal, Copra 0.12 0.10 0.13 0.09 0.09

0.22 Meal, Cottonseed 0.21 0.18 0.19 0.11 0.13

0.18 Meal, Fish 0.31 0.22 0.19 0.14 0.14

0.33 Meal, Palm Kernel 0.38 0.59 0.60 0.53 0.52

0.04 Meal, Peanut 0.03 0.04 0.04 0.04 0.04

0.59 Meal, Rapeseed 0.38 0.42 0.47 0.35 0.33

9.70 Meal, Soybean 9.48 10.49 12.15 11.29 12.14


12.54 Total 11.40 13.03 14.79 13.32 14.15



Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

none

Production none

3.43 Oil, Coconut 3.65 3.38 3.36 3.41 3.41

5.24 Oil, Cottonseed 5.22 5.17 5.12 4.51 4.43

3.46 Oil, Olive 2.44 3.10 2.44 2.88 2.88

52.58 Oil, Palm 56.42 59.38 61.43 62.22 61.72

6.16 Oil, Palm Kernel 6.63 7.03 7.26 7.33 7.28

5.29 Oil, Peanut 5.51 5.60 5.52 5.33 5.51

24.01 Oil, Rapeseed 24.83 26.39 27.19 26.30 26.38

42.73 Oil, Soybean 43.07 45.00 48.95 51.58 52.01

14.34 Oil, Sunflowerseed 12.87 15.52 14.87 15.05 15.08

157.24 Total 160.64 170.58 176.13 178.62 178.69

none

Imports none

1.82 Oil, Coconut 1.88 1.72 1.75 1.70 1.70

0.08 Oil, Cottonseed 0.08 0.07 0.07 0.05 0.05

0.64 Oil, Olive 0.67 0.59 0.75 0.64 0.64

38.82 Oil, Palm 41.86 41.84 44.59 45.44 45.09

2.54 Oil, Palm Kernel 2.78 2.42 2.63 2.56 2.56

0.16 Oil, Peanut 0.15 0.18 0.25 0.30 0.30

4.01 Oil, Rapeseed 3.87 3.78 3.92 4.18 4.08

7.98 Oil, Soybean 8.49 9.27 10.07 11.06 11.26


61.72 Total 64.75 66.56 69.95 72.19 71.95

none

Exports none

1.86 Oil, Coconut 1.91 1.73 1.90 1.78 1.78

0.17 Oil, Cottonseed 0.16 0.14 0.13 0.10 0.10

0.87 Oil, Olive 0.88 0.84 0.98 0.84 0.84

39.79 Oil, Palm 43.14 43.20 46.73 46.90 46.50

2.84 Oil, Palm Kernel 3.26 2.88 3.24 3.08 3.08

0.18 Oil, Peanut 0.17 0.20 0.23 0.21 0.23

3.97 Oil, Rapeseed 3.94 3.82 4.06 4.27 4.23

8.45 Oil, Soybean 9.33 9.42 11.01 11.87 11.95


64.60 Total 68.34 70.01 75.66 76.54 76.20

none


3.54 Oil, Coconut 3.76 3.43 3.30 3.39 3.39

5.15 Oil, Cottonseed 5.22 5.09 5.08 4.52 4.46

3.09 Oil, Olive 2.66 2.81 2.57 2.71 2.71

50.47 Oil, Palm 55.10 57.99 58.57 62.53 62.10

5.73 Oil, Palm Kernel 6.22 6.56 6.77 6.88 6.87

5.33 Oil, Peanut 5.51 5.61 5.53 5.42 5.57

23.52 Oil, Rapeseed 23.62 25.28 26.83 26.73 26.72

42.26 Oil, Soybean 42.60 45.15 47.92 50.74 51.28


151.68 Total 157.44 165.98 170.63 176.96 177.16

none

Ending Stocks none

0.60 Oil, Coconut 0.47 0.41 0.32 0.25 0.26

0.26 Oil, Cottonseed 0.18 0.20 0.17 0.12 0.10

0.91 Oil, Olive 0.50 0.54 0.19 0.16 0.16

7.63 Oil, Palm 7.68 7.72 8.44 6.64 6.65

0.92 Oil, Palm Kernel 0.85 0.86 0.74 0.64 0.63

0.08 Oil, Peanut 0.06 0.04 0.04 0.04 0.05

1.82 Oil, Rapeseed 2.96 4.03 4.24 3.72 3.74

4.22 Oil, Soybean 3.85 3.54 3.62 3.64 3.65


18.63 Total 18.25 19.39 19.18 16.47 16.46



Table 04: Major Oilseeds: World Supply and Distribution (Country View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

Production none

92.44 United States 93.32 99.02 116.03 116.17 116.15

70.02 Brazil 84.55 90.01 99.18 102.87 102.87

44.82 Argentina 53.68 56.92 66.12 62.51 62.49

59.60 China 59.79 58.64 57.65 54.43 54.43

29.47 European Union 28.08 32.05 35.72 31.98 31.98

149.91 Other 155.06 167.55 160.95 159.41 158.95

446.25 Total 474.49 504.18 535.65 527.37 526.88

Imports none

62.29 China 63.52 75.60 83.11 84.96 86.36

16.89 European Union 17.02 18.01 16.80 17.19 17.09

5.39 Mexico 5.08 5.58 5.64 5.84 5.64

5.34 Japan 5.54 5.49 5.71 5.57 5.57

2.03 Turkey 2.02 2.40 3.12 3.24 3.14

2.15 Indonesia 2.14 2.55 2.23 2.65 2.65

2.29 Taiwan 2.29 2.34 2.52 2.56 2.56

0.90 Russia 0.86 2.23 2.24 2.25 2.48

1.99 Thailand 1.96 1.89 2.52 2.45 2.45

1.74 Egypt 1.80 1.74 2.01 2.12 2.12

10.92 Other 11.02 14.01 14.91 16.02 15.99

111.94 Total 113.26 131.85 140.81 144.84 146.03

Exports none

36.35 Brazil 42.02 46.99 50.75 57.13 58.13

37.81 United States 37.16 45.55 51.14 46.85 46.78

11.66 Canada 10.62 12.69 13.10 13.24 13.54

8.10 Argentina 8.42 8.50 11.46 12.63 12.65

3.61 Paraguay 5.54 4.82 4.39 4.62 4.62

2.83 Ukraine 2.72 3.57 4.43 3.67 3.67

2.61 Uruguay 3.53 3.20 2.85 2.85 2.85

8.34 Other 8.39 8.17 8.37 7.13 7.10

111.30 Total 118.39 133.50 146.50 148.12 149.33

Crush none

96.29 China 102.64 107.63 112.35 116.31 117.41

50.32 United States 50.25 51.46 55.14 55.27 54.86

39.95 Argentina 36.25 38.77 43.31 46.64 48.79

41.06 European Union 42.36 45.30 47.51 46.06 46.01

41.02 Brazil 37.51 39.73 42.44 42.42 42.42

28.55 India 29.30 28.60 26.09 24.22 24.51

11.08 Russia 10.12 13.15 12.98 13.55 13.47

10.19 Ukraine 9.21 12.16 11.39 12.34 12.34

8.35 Indonesia 8.99 9.66 10.26 10.29 10.29

8.41 Canada 8.26 8.50 9.14 10.25 10.25

5.86 Mexico 5.70 6.08 6.40 6.52 6.32

5.04 Malaysia 5.34 5.53 5.54 5.60 5.50

4.98 Pakistan 4.71 5.05 5.96 5.46 5.11

4.35 Japan 4.38 4.40 4.65 4.50 4.50

1.07 Paraguay 3.17 3.47 3.78 4.24 4.24

37.01 Other 37.65 38.49 42.38 42.79 42.80

393.51 Total 395.83 417.98 439.32 446.44 448.81

Ending Stocks none

15.41 Argentina 20.93 26.65 33.52 31.26 30.10

13.22 Brazil 15.43 16.08 19.08 19.37 18.37

17.05 China 13.17 15.01 18.63 16.43 16.73

5.61 United States 5.76 3.95 6.75 14.21 14.44

0.95 Canada 0.77 3.27 2.81 2.09 1.99

13.62 Other 10.44 12.15 10.18 7.85 7.85

65.85 Total 66.50 77.12 90.96 91.21 89.48

Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds.


Table 05: Major Protein Meals: World Supply and Distribution (Country View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

Production none

66.95 China 71.34 75.20 79.27 83.15 84.02

39.51 United States 38.69 39.39 43.29 42.69 42.39

29.74 Argentina 27.26 29.09 32.29 35.12 36.79

30.90 Brazil 28.38 29.89 32.07 32.10 32.10

26.28 European Union 27.38 29.10 30.54 29.84 29.59

73.42 Other 75.47 79.50 82.69 84.09 83.72

266.79 Total 268.52 282.17 300.15 307.00 308.62

Imports none

28.20 European Union 23.39 24.62 25.40 26.57 26.97

2.61 Vietnam 3.36 3.62 4.66 4.94 4.94

3.53 Indonesia 3.62 4.21 4.04 4.70 4.70

3.03 United States 3.39 3.80 3.86 3.99 4.21

3.38 Korea, South 3.54 3.68 3.44 3.41 3.46

3.36 Thailand 3.26 3.14 3.60 3.42 3.42

1.53 New Zealand 1.73 2.26 2.43 2.65 2.65

31.86 Other 30.47 33.08 32.72 34.43 34.83

77.50 Total 72.76 78.40 80.14 84.10 85.18

Exports none

26.93 Argentina 24.03 25.38 29.16 32.30 33.36

14.68 Brazil 13.24 13.95 14.39 15.60 15.60

9.17 United States 10.46 10.77 12.18 10.46 10.46

3.86 Ukraine 3.07 3.81 3.74 4.53 4.53

3.49 Canada 3.66 3.67 3.86 4.38 4.38

3.68 Indonesia 3.80 3.93 4.27 4.19 4.19

0.55 Paraguay 2.15 2.51 2.45 2.98 2.98

17.94 Other 18.04 18.18 14.98 13.70 13.64

80.30 Total 78.45 82.19 85.04 88.13 89.13


67.89 China 70.89 74.55 78.88 82.40 83.26

52.64 European Union 50.47 52.37 54.71 55.37 55.52

33.41 United States 31.65 32.43 34.97 36.18 36.10

15.49 Brazil 15.27 16.00 16.43 16.70 16.70

11.48 India 12.02 12.59 13.14 13.57 13.67

5.82 Mexico 5.61 5.85 6.34 6.48 6.48

3.75 Vietnam 4.14 4.67 5.58 6.20 6.20

4.18 Russia 4.24 4.95 5.42 5.87 5.77

3.91 Indonesia 4.33 4.81 5.09 5.60 5.60

5.21 Thailand 5.17 5.00 5.45 5.58 5.58

58.81 Other 60.20 63.54 67.48 70.58 70.42

262.58 Total 263.97 276.75 293.49 304.51 305.30

SME none

65.06 China 67.93 71.32 75.77 79.48 80.34

47.19 European Union 44.77 46.78 48.91 49.81 49.91

32.36 United States 30.46 31.15 33.66 34.87 34.76

15.23 Brazil 15.07 15.75 16.21 16.49 16.49

10.05 India 10.54 11.08 11.58 11.92 12.07

5.44 Mexico 5.26 5.52 6.01 6.15 6.15

3.50 Vietnam 3.89 4.44 5.31 5.95 5.95

67.60 Other 68.96 73.00 77.73 81.96 81.81

246.43 Total 246.90 259.04 275.17 286.63 287.48

Ending Stocks none

2.94 Argentina 3.45 4.16 4.22 3.70 4.43

3.20 Brazil 3.10 3.07 4.35 4.17 4.17

0.46 Indonesia 0.43 0.70 0.48 0.50 0.50

0.00 Ukraine 0.00 0.44 0.64 0.48 0.48

0.29 Malaysia 0.38 0.50 0.50 0.45 0.44

5.65 Other 4.04 4.16 4.62 4.02 4.13

12.54 Total 11.40 13.03 14.79 13.32 14.15

Major Protein Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal.


Table 06: Major Vegetable Oils: World Supply and Distribution (Country View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

Production none

30.13 Indonesia 32.73 35.03 37.78 37.80 37.80

21.00 China 22.40 23.61 24.42 25.15 25.34

20.42 Malaysia 21.70 22.63 22.34 22.48 21.93

16.89 European Union 16.19 18.20 18.02 17.84 17.94

10.03 United States 10.23 10.42 10.95 11.19 11.11

8.48 Argentina 7.42 7.81 8.92 9.53 9.94

8.17 Brazil 7.55 7.97 8.50 8.50 8.50

42.13 Other 42.44 44.91 45.21 46.13 46.13

157.24 Total 160.64 170.58 176.13 178.62 178.69

Imports none

10.03 India 10.73 11.57 14.07 15.51 15.36

9.12 European Union 9.95 9.98 9.59 9.69 9.69

9.23 China 10.79 9.07 8.59 8.73 8.53

3.83 United States 3.80 4.02 4.22 4.33 4.29

2.26 Pakistan 2.30 2.87 2.98 3.28 3.41

2.31 Egypt 1.92 2.16 2.31 2.35 2.35

1.43 Bangladesh 1.44 1.71 1.79 1.93 1.93

1.11 Turkey 1.26 1.37 1.44 1.50 1.50

1.35 Iran 1.43 1.58 0.99 1.07 1.07

0.76 Mexico 0.83 0.83 0.93 0.93 0.95

20.30 Other 20.30 21.39 23.04 22.89 22.88

61.72 Total 64.75 66.56 69.95 72.19 71.95

Exports none

20.73 Indonesia 22.64 23.94 27.86 26.85 26.85

18.97 Malaysia 19.99 18.75 18.83 19.48 19.08

4.65 Argentina 4.66 4.53 5.70 6.35 6.52

3.33 Ukraine 3.32 4.36 4.12 4.39 4.39

2.75 Canada 2.63 2.45 2.53 3.01 3.01

2.01 European Union 2.43 2.31 2.48 2.42 2.42

1.80 Russia 1.35 2.46 2.22 2.19 2.19

10.37 Other 11.33 11.22 11.92 11.86 11.75

64.60 Total 68.34 70.01 75.66 76.54 76.20


29.34 China 31.17 32.00 33.04 34.24 34.26

23.82 European Union 24.26 25.28 25.53 25.45 25.60

16.83 India 17.86 19.06 20.32 21.73 21.65

12.87 United States 13.07 13.50 13.77 14.03 14.01

8.92 Indonesia 9.90 11.33 10.00 11.11 11.11

6.63 Brazil 6.76 6.99 7.48 7.57 7.57

3.70 Malaysia 4.03 4.46 4.57 4.90 4.89

3.24 Pakistan 3.36 3.71 4.26 4.42 4.50

3.60 Argentina 2.92 3.42 3.30 3.22 3.37

2.98 Russia 3.02 3.14 3.21 3.34 3.30

2.50 Egypt 2.50 2.46 2.58 2.69 2.69

2.30 Mexico 2.36 2.40 2.58 2.61 2.61

1.99 Thailand 2.13 2.32 2.36 2.52 2.52

2.16 Japan 2.20 2.24 2.26 2.33 2.33

1.83 Turkey 1.90 2.04 2.26 2.35 2.32

28.99 Other 30.01 31.65 33.14 34.47 34.44

151.68 Total 157.44 165.98 170.63 176.96 177.16

Ending Stocks none

1.69 China 3.62 4.18 4.01 3.54 3.51

2.94 Malaysia 2.12 2.40 3.03 2.02 1.90

1.88 Indonesia 2.13 1.95 1.90 1.77 1.77

1.57 United States 1.14 0.97 1.21 1.37 1.40

1.44 India 1.53 1.20 1.43 1.20 1.29

9.12 Other 7.71 8.69 7.60 6.57 6.59

18.63 Total 18.25 19.39 19.18 16.47 16.46

Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil.


Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

Production none

84,291 United States 82,791 91,389 106,878 106,954 106,934

66,500 Brazil 82,000 86,700 96,200 100,000 100,000

40,100 Argentina 49,300 53,500 61,400 58,500 58,500

14,485 China 13,050 11,950 12,150 12,000 12,000

4,043 Paraguay 8,202 8,190 8,100 8,800 8,800

11,700 India 12,200 9,500 8,700 8,000 8,000

4,467 Canada 5,086 5,359 6,049 6,235 6,235

14,733 Other 15,998 16,157 19,088 20,019 19,737

240,319 Total 268,627 282,745 318,565 320,508 320,206

Imports none

59,231 China 59,865 70,364 78,350 80,500 82,000

12,070 European Union 12,538 13,293 13,388 13,700 13,200

3,606 Mexico 3,409 3,842 3,819 4,050 3,850

2,758 Japan 2,830 2,894 3,004 2,900 2,900

2,285 Taiwan 2,286 2,335 2,520 2,550 2,550

1,057 Turkey 1,249 1,608 2,197 2,400 2,400

1,907 Thailand 1,867 1,798 2,411 2,350 2,350

1,922 Indonesia 1,795 2,241 2,000 2,300 2,300

741 Russia 717 2,048 1,986 2,050 2,250

1,661 Egypt 1,730 1,694 1,947 2,050 2,050

6,252 Other 7,656 9,664 10,523 12,343 12,313

93,490 Total 95,942 111,781 122,145 127,193 128,163

Exports none

36,257 Brazil 41,904 46,829 50,612 57,000 58,000

37,186 United States 36,129 44,574 50,169 45,994 45,994

7,368 Argentina 7,738 7,842 10,573 11,800 11,800

3,574 Paraguay 5,518 4,800 4,375 4,600 4,600

2,933 Canada 3,470 3,469 3,853 4,200 4,200

4,868 Other 6,043 5,187 6,298 6,251 6,301

92,186 Total 100,802 112,701 125,880 129,845 130,895

Crush none

60,970 China 64,950 68,850 74,500 80,700 81,800

46,348 United States 45,967 47,192 50,975 51,165 50,893

35,886 Argentina 33,611 36,173 40,235 43,500 45,700

38,083 Brazil 35,235 36,861 39,925 40,000 40,000

12,414 European Union 13,162 13,436 14,200 14,800 14,300

9,650 India 9,900 8,300 7,000 6,450 6,450

3,675 Mexico 3,650 4,030 4,175 4,350 4,150

900 Paraguay 2,950 3,350 3,650 4,100 4,100

2,200 Russia 2,220 3,400 3,650 4,000 4,000

2,000 Bolivia 2,175 2,250 2,500 2,650 2,650

1,408 Canada 1,541 1,525 1,787 2,150 2,150

2,020 Taiwan 1,920 1,925 2,100 2,150 2,150

1,620 Egypt 1,710 1,680 1,950 2,050 2,050

1,960 Japan 1,915 1,969 2,150 2,020 2,020

1,750 Thailand 1,500 1,500 1,825 1,975 1,975

7,406 Other 7,552 8,768 11,772 13,795 13,650

228,290 Total 229,958 241,209 262,394 275,855 278,038

Ending Stocks none

14,719 Argentina 19,472 25,371 31,798 29,800 28,650

13,024 Brazil 15,355 16,020 19,013 19,313 18,313

15,909 China 12,378 13,877 17,034 15,184 15,584

4,610 United States 3,825 2,504 5,188 12,233 12,511

800 European Union 302 533 575 555 505

3,579 Other 3,336 3,367 3,532 3,333 3,303

52,641 Total 54,668 61,672 77,140 80,418 78,866

Most countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a

September/August MY. Canada is on an August/July MY. Paraguay is on a March/February MY.


Table 08: Soybean Meal: World Supply and Distribution


2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

Production none

48,288 China 51,440 54,531 59,008 63,910 64,782

37,217 United States 36,174 36,909 40,879 40,292 40,065

27,945 Argentina 26,089 27,892 30,928 33,675 35,380

29,510 Brazil 27,310 28,540 30,890 30,960 30,960

9,668 European Union 10,398 10,614 11,218 11,690 11,300

7,720 India 7,920 6,640 5,600 5,160 5,160

2,910 Mexico 2,890 3,185 3,300 3,435 3,275

17,150 Other 18,896 21,144 25,130 27,897 27,793

180,408 Total 181,117 189,455 206,953 217,019 218,715

Imports none

20,872 European Union 16,941 18,135 19,260 20,300 20,700

2,276 Vietnam 2,980 3,342 4,276 4,600 4,600

3,278 Indonesia 3,367 3,983 3,850 4,500 4,500

2,928 Thailand 2,874 2,665 3,017 3,050 3,050

1,833 Philippines 1,969 2,337 2,200 2,400 2,400

2,192 Iran 2,099 2,683 1,948 2,100 2,100

1,548 Mexico 1,295 1,410 1,795 1,850 2,000

1,571 Korea, South 1,654 1,825 1,751 1,800 1,900

2,282 Japan 1,765 1,976 1,699 1,850 1,850

1,078 Malaysia 1,276 1,397 1,465 1,500 1,500

17,136 Other 17,643 18,172 18,937 19,944 20,304

56,994 Total 53,863 57,925 60,198 63,894 64,904

Exports none

26,043 Argentina 23,667 24,972 28,545 31,750 32,800

14,678 Brazil 13,242 13,948 14,390 15,600 15,600

8,845 United States 10,111 10,474 11,929 10,160 10,160

523 Paraguay 2,149 2,504 2,450 2,980 2,980

966 China 1,365 2,017 1,595 1,850 1,850

7,215 Other 7,332 6,243 4,667 3,874 3,874

58,270 Total 57,866 60,158 63,576 66,214 67,264


47,435 China 50,091 52,534 57,471 62,080 62,952

29,670 European Union 27,042 28,392 30,142 31,642 31,642

28,614 United States 26,308 26,804 29,243 30,391 30,209

14,100 Brazil 14,200 14,650 15,250 15,550 15,550

3,300 Vietnam 3,700 4,250 5,100 5,750 5,750

4,370 Mexico 4,250 4,575 5,035 5,200 5,200

3,300 India 3,520 3,940 4,610 5,080 5,080

4,153 Thailand 4,152 3,980 4,350 4,650 4,650

3,218 Indonesia 3,430 3,825 4,100 4,450 4,450

3,840 Japan 3,332 3,376 3,380 3,358 3,358

2,500 Iran 2,460 2,948 3,050 3,290 3,290

2,250 Russia 2,300 2,700 2,850 3,350 3,250

2,100 Egypt 2,220 2,400 2,630 2,830 2,830

2,265 Korea, South 2,248 2,225 2,290 2,420 2,510

1,950 Philippines 2,050 2,200 2,350 2,500 2,500

24,830 Other 26,026 27,421 30,061 33,085 33,140

177,895 Total 177,329 186,220 201,912 215,626 216,361

Ending Stocks none

2,681 Argentina 3,253 4,073 4,155 3,600 4,335

3,198 Brazil 3,098 3,065 4,335 4,165 4,165

390 Indonesia 323 481 231 281 281

272 United States 249 227 236 272 272

69 Vietnam 119 91 227 226 227

3,089 Other 2,442 2,549 2,965 2,748 2,863

9,699 Total 9,484 10,486 12,149 11,292 12,143

Most countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/August MY.

Canada is on an August/July MY. Paraguay is on a March/February MY. Vietnam and the Philippines are on a January/December

MY and Bolivia is on a March/February MY.


Table 09: Soybean Oil: World Supply and Distribution


2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

Production none

10,914 China 11,626 12,335 13,347 14,458 14,655

8,954 United States 8,990 9,131 9,706 9,909 9,857

6,839 Argentina 6,364 6,785 7,687 8,290 8,710

7,310 Brazil 6,760 7,070 7,660 7,680 7,680

2,359 European Union 2,501 2,553 2,698 2,810 2,717

1,708 India 1,752 1,478 1,245 1,150 1,150

172 Paraguay 564 640 697 783 783

4,469 Other 4,511 5,012 5,905 6,503 6,453

42,725 Total 43,068 45,004 48,945 51,583 52,005

Imports none

1,174 India 1,086 1,830 2,799 3,650 3,700

1,502 China 1,409 1,353 773 850 850

438 Algeria 575 629 620 640 640

439 Bangladesh 400 443 508 520 520

367 Morocco 364 444 430 460 460

411 Iran 543 551 421 450 450

415 Venezuela 374 403 473 440 440

0 Egypt 324 230 480 400 400

344 Peru 363 355 355 380 380

257 Colombia 216 288 315 330 330

2,629 Other 2,839 2,740 2,892 2,935 3,088

7,976 Total 8,493 9,266 10,066 11,055 11,258

Exports none

3,794 Argentina 4,244 4,087 5,093 5,760 5,925

1,885 Brazil 1,251 1,378 1,510 1,390 1,390

742 European Union 1,011 766 1,010 1,000 1,000

664 United States 982 851 914 1,043 953

127 Paraguay 558 650 660 735 735

142 Russia 129 332 423 445 445

224 Bolivia 285 371 350 370 370

874 Other 874 989 1,054 1,129 1,130

8,452 Total 9,334 9,424 11,014 11,872 11,948


12,044 China 12,545 13,657 14,126 15,228 15,450

8,396 United States 8,522 8,576 8,600 8,890 8,891

5,390 Brazil 5,534 5,705 6,275 6,365 6,365

2,750 India 2,950 3,300 4,050 4,800 4,850

3,020 Argentina 2,275 2,729 2,601 2,500 2,660

2,109 European Union 1,908 1,970 2,000 2,000 2,000

845 Mexico 860 890 1,001 1,020 1,020

600 Iran 600 630 720 800 800

465 Bangladesh 475 540 625 705 715

440 Egypt 582 497 762 682 682

490 Algeria 540 610 640 650 650

434 Venezuela 439 449 504 500 500

445 Korea, South 445 440 435 455 465

372 Morocco 374 440 440 460 460

44 Pakistan 46 107 245 360 455

4,420 Other 4,509 4,611 4,897 5,326 5,318

42,264 Total 42,604 45,151 47,921 50,741 51,281

Ending Stocks none

1,175 United States 750 529 841 937 990

615 China 1,021 958 845 845 820

320 Argentina 258 236 251 296 381

360 India 248 255 249 249 249

418 Brazil 399 386 272 207 207

1,334 Other 1,169 1,176 1,158 1,109 1,003

4,222 Total 3,845 3,540 3,616 3,643 3,650

Most countries are on an October/September Marketing Year (MY). Mexico is on a September/August MY. Peru is on an

January/December MY and Paraguay and Bolivia are on a March/February MY.


Table 10: Soybeans and Products: World Trade


Marketing Year

Meal, Soybean Oil, Soybean Oilseed, Soybean

2015/162014/152013/142015/162014/152013/142015/162014/152013/14

Exports

North America 10,734 12,156 10,450 947 1,035 1,127 48,043 54,022 50,194

Canada (Aug-Jul) 241 212 275 92 118 170 3,469 3,853 4,200

United States (Sep-Aug) 10,474 11,929 10,160 851 914 953 44,574 50,169 45,994

South America 43,033 47,012 53,030 6,488 7,613 8,422 62,810 68,439 77,404

Argentina (Oct-Sep) 24,972 28,545 32,800 4,087 5,093 5,925 7,842 10,573 11,800

Brazil (Oct-Sep) 13,948 14,390 15,600 1,378 1,510 1,390 46,829 50,612 58,000

Paraguay (Mar-Feb) 2,504 2,450 2,980 650 660 735 4,800 4,375 4,600

South Asia 2,748 1,077 157 1 0 0 183 234 200

India (Oct-Sep) 2,742 1,072 150 1 0 0 183 234 200

Other 3,643 3,331 3,627 1,988 2,366 2,399 1,665 3,185 3,097

World Total 60,158 63,576 67,264 9,424 11,014 11,948 112,701 125,880 130,895

Imports

European Union (Oct-Sep) 18,135 19,260 20,700 329 252 150 13,293 13,388 13,200

East Asia 3,884 3,591 3,855 1,772 1,158 1,285 76,866 85,004 88,815

China (Oct-Sep) 20 58 20 1,353 773 850 70,364 78,350 82,000

Japan (Oct-Sep) 1,976 1,699 1,850 16 6 15 2,894 3,004 2,900

Korea, South (Oct-Sep) 1,825 1,751 1,900 278 257 300 1,271 1,121 1,350

Taiwan (Oct-Sep) 22 51 35 3 5 0 2,335 2,520 2,550

Southeast Asia 13,743 14,829 16,072 292 322 345 6,151 6,714 7,250

Indonesia (Oct-Sep) 3,983 3,850 4,500 25 23 25 2,241 2,000 2,300

Malaysia (Oct-Sep) 1,397 1,465 1,500 113 126 125 554 643 650

Philippines (Jan-Dec) 2,337 2,200 2,400 39 42 43 123 130 130

Thailand (Sep-Aug) 2,665 3,017 3,050 6 5 2 1,798 2,411 2,350

Vietnam (Jan-Dec) 3,342 4,276 4,600 82 100 120 1,415 1,510 1,800

North America 2,739 3,030 3,290 307 407 441 6,136 5,062 4,986

Canada (Aug-Jul) 982 933 950 31 34 30 340 339 320

Mexico (Sep-Aug) 1,410 1,795 2,000 201 253 275 3,842 3,819 3,850

South America 4,788 5,194 5,290 1,280 1,413 1,428 1,614 1,503 1,629

Brazil (Oct-Sep) 25 20 20 0 11 10 605 305 300

Colombia (Oct-Sep) 1,036 1,175 1,200 288 315 330 436 570 600

Central America 949 1,082 1,122 160 176 187 269 314 335

Caribbean 837 977 1,045 286 295 315 148 83 130

Middle East 5,298 4,361 4,835 626 483 535 2,274 3,968 4,170

Iran (Oct-Sep) 2,683 1,948 2,100 551 421 450 301 1,311 1,300

Israel (Oct-Sep) 129 129 130 11 12 13 336 390 400

Syria (Jan-Dec) 251 155 200 1 0 0 29 70 70

Turkey (Oct-Sep) 744 465 600 8 0 0 1,608 2,197 2,400

North Africa 3,303 2,961 3,450 1,411 1,651 1,625 1,828 2,097 2,200

Egypt (Oct-Sep) 1,116 1,091 1,200 230 480 400 1,694 1,947 2,050

Other 4,249 4,913 5,245 2,803 3,909 4,947 3,202 4,012 5,448

World Total 57,925 60,198 64,904 9,266 10,066 11,258 111,781 122,145 128,163


Table 11: Palm Oil: World Supply and Distribution


2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

Production none

26,200 Indonesia 28,500 30,500 33,000 33,000 33,000

18,202 Malaysia 19,321 20,161 19,879 20,000 19,500

1,892 Thailand 2,135 2,000 1,800 2,200 2,200

945 Colombia 974 1,041 1,110 1,174 1,174

970 Nigeria 970 970 970 970 970

4,373 Other 4,522 4,711 4,673 4,875 4,875

52,582 Total 56,422 59,383 61,432 62,219 61,719

Imports none

7,473 India 8,364 7,820 9,129 9,625 9,425

5,707 European Union 6,812 6,969 6,770 6,950 6,950

5,841 China 6,589 5,573 5,696 5,700 5,500

2,218 Pakistan 2,246 2,758 2,826 3,200 3,200

1,368 Egypt 969 1,153 1,550 1,500 1,500

984 Bangladesh 1,030 1,262 1,280 1,400 1,400

1,032 United States 1,293 1,220 1,144 1,180 1,225

470 Burma 583 581 789 850 850

545 Russia 806 646 854 770 770

570 Vietnam 574 697 715 740 740

12,615 Other 12,598 13,165 13,838 13,526 13,526

38,823 Total 41,864 41,844 44,591 45,441 45,086

Exports none

18,452 Indonesia 20,373 21,719 25,300 24,500 24,500

17,586 Malaysia 18,524 17,344 17,378 18,050 17,650

585 Papua New Guinea 564 539 575 590 590

253 Benin 430 600 550 580 580

248 Guatemala 346 411 405 400 400

2,661 Other 2,899 2,587 2,525 2,781 2,781

39,785 Total 43,136 43,200 46,733 46,901 46,501


7,485 India 8,250 8,412 9,009 10,025 9,750

7,129 Indonesia 7,852 9,020 7,620 8,620 8,620

5,523 European Union 6,560 6,790 6,700 6,850 6,850

5,841 China 6,389 5,669 5,726 5,750 5,550

2,150 Malaysia 2,451 2,868 2,950 3,280 3,280

2,115 Pakistan 2,285 2,490 2,820 3,185 3,185

1,525 Thailand 1,710 1,880 1,850 1,990 1,990

1,305 Egypt 1,165 1,170 1,455 1,540 1,540

1,385 Nigeria 1,455 1,470 1,520 1,540 1,540

1,030 Bangladesh 1,030 1,190 1,295 1,400 1,400

1,043 United States 1,238 1,207 1,092 1,129 1,174

890 Colombia 876 903 923 945 945

450 Burma 560 600 740 860 860

505 Philippines 375 650 800 825 825

600 Russia 650 770 800 800 800

11,489 Other 12,254 12,903 13,265 13,787 13,787

50,465 Total 55,100 57,992 58,565 62,526 62,096

Ending Stocks none

2,481 Malaysia 1,784 2,091 2,642 1,712 1,612

1,445 Indonesia 1,758 1,546 1,626 1,506 1,506

669 India 921 500 800 600 675

270 European Union 387 404 358 256 298

240 China 439 341 310 260 260

2,528 Other 2,394 2,836 2,707 2,304 2,300

7,633 Total 7,683 7,718 8,443 6,638 6,651


Table 12: Rapeseed and Products: World Supply and Distribution


Marketing Year

Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed

2015/162014/152013/142015/162014/152013/142015/162014/152013/14

Production

China (Oct-Sep) 11,631 11,505 11,379 6,579 6,500 6,436 14,458 14,772 14,100

India (Oct-Sep) 3,720 3,250 3,010 2,400 2,090 1,940 7,300 6,310 6,000

Canada (Aug-Jul) 3,925 4,150 4,570 3,050 3,230 3,550 18,551 16,410 17,200

Japan (Oct-Sep) 1,353 1,392 1,360 1,054 1,074 1,075 2 2 2

European Union (Jul-Jun) 13,770 14,586 13,851 9,939 10,527 10,085 21,304 24,450 21,800

Other 4,850 5,431 4,733 3,372 3,765 3,292 10,209 10,019 8,352

World Total 39,249 40,314 38,903 26,394 27,186 26,378 71,824 71,963 67,454

Imports

China (Oct-Sep) 314 142 125 902 732 800 5,046 4,591 4,150

India (Oct-Sep) 0 0 0 160 384 450 0 0 0

Canada (Aug-Jul) 11 23 12 83 32 65 66 76 100

Japan (Oct-Sep) 76 11 60 10 20 12 2,378 2,489 2,450

European Union (Jul-Jun) 457 452 450 303 261 250 3,524 2,317 2,800

Other 5,066 4,960 4,873 2,318 2,486 2,500 4,244 4,628 3,807

World Total 5,924 5,588 5,520 3,776 3,915 4,077 15,258 14,101 13,307

Exports

China (Oct-Sep) 37 0 30 6 6 10 0 0 0

India (Oct-Sep) 1,327 843 200 3 2 3 1 0 0

Canada (Aug-Jul) 3,425 3,639 4,100 2,348 2,404 2,830 9,175 9,214 9,300

Japan (Oct-Sep) 2 53 0 2 1 1 0 0 0

European Union (Jul-Jun) 361 414 350 311 356 350 290 588 300

Other 920 889 821 1,151 1,294 1,040 5,499 5,171 4,089

World Total 6,072 5,838 5,501 3,821 4,063 4,234 14,965 14,973 13,689

Domestic Consumption

China (Oct-Sep) 11,908 11,647 11,474 6,750 7,250 7,650 19,100 18,900 18,700

India (Oct-Sep) 2,403 2,410 2,800 2,505 2,505 2,380 7,300 6,450 6,050

Canada (Aug-Jul) 515 520 535 645 668 686 7,022 7,958 8,572

Japan (Oct-Sep) 1,430 1,339 1,420 1,045 1,058 1,110 2,405 2,476 2,455

European Union (Jul-Jun) 13,750 14,600 14,050 9,765 10,275 10,130 24,899 26,315 25,250

Other 9,053 9,491 8,790 4,569 5,075 4,761 8,612 9,661 8,401

World Total 39,059 40,007 39,069 25,279 26,831 26,717 69,338 71,760 69,428

Ending Stocks

China (Oct-Sep) 0 0 0 2,882 2,858 2,434 1,036 1,499 1,049

India (Oct-Sep) 20 17 27 165 132 139 568 428 378

Canada (Aug-Jul) 93 107 54 211 401 500 3,008 2,322 1,750

Japan (Oct-Sep) 15 26 26 125 160 136 84 99 96

European Union (Jul-Jun) 205 229 130 281 438 293 1,888 1,752 802

Other 84 95 90 365 247 238 956 771 440

World Total 417 474 327 4,029 4,236 3,740 7,540 6,871 4,515


Table 13: Sunflowerseed and Products: World Supply and Distribution


Marketing Year

Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed

2015/162014/152013/142015/162014/152013/142015/162014/152013/14

Production

Argentina (Mar-Feb) 2,000 3,160 2,600 962 1,140 1,200 934 1,135 1,140

Russia (Sep-Aug) 9,842 8,374 9,095 3,570 3,345 3,510 3,593 3,366 3,530

Turkey (Sep-Aug) 1,400 1,200 1,000 753 647 535 845 725 595

Ukraine (Sep-Aug) 11,600 10,200 11,300 4,703 4,285 4,620 4,750 4,325 4,663

European Union (Oct-Sep) 9,052 8,932 7,750 4,108 4,119 3,840 3,170 3,180 2,980

Other 7,728 7,749 7,673 2,592 2,452 2,482 2,224 2,138 2,172

World Total 41,622 39,615 39,418 16,688 15,988 16,187 15,516 14,869 15,080

Imports

Argentina (Mar-Feb) 1 1 2 0 0 0 0 0 0

Russia (Sep-Aug) 35 88 80 6 3 5 12 3 10

Turkey (Sep-Aug) 581 470 400 757 773 850 776 814 880

Ukraine (Sep-Aug) 15 15 10 0 0 0 1 2 0

European Union (Oct-Sep) 319 266 230 3,368 3,210 3,450 1,039 823 1,000

Other 557 575 484 1,430 1,361 1,469 4,859 4,275 4,387

World Total 1,508 1,415 1,206 5,561 5,347 5,774 6,687 5,917 6,277

Exports

Argentina (Mar-Feb) 74 68 75 365 550 510 343 510 500

Russia (Sep-Aug) 135 61 50 1,728 1,332 1,500 1,799 1,450 1,500

Turkey (Sep-Aug) 33 28 20 0 7 0 584 632 600

Ukraine (Sep-Aug) 70 45 70 3,648 3,394 4,100 4,181 3,868 4,100

European Union (Oct-Sep) 712 519 400 173 302 200 372 419 300

Other 928 944 706 301 266 269 499 495 484

World Total 1,952 1,665 1,321 6,215 5,851 6,579 7,778 7,374 7,484


Argentina (Mar-Feb) 2,250 2,728 2,754 710 620 660 680 696 705

Russia (Sep-Aug) 9,420 8,670 9,070 1,750 2,050 2,100 1,890 1,950 2,000

Turkey (Sep-Aug) 1,986 1,706 1,406 1,490 1,415 1,385 1,000 1,030 980

Ukraine (Sep-Aug) 11,425 10,425 11,225 650 720 700 570 510 530

European Union (Oct-Sep) 8,515 8,625 8,040 7,200 7,100 7,100 3,660 3,700 3,700

Other 7,505 7,314 7,416 3,732 3,563 3,685 6,263 6,172 6,158

World Total 41,101 39,468 39,911 15,532 15,468 15,630 14,063 14,058 14,073

Ending Stocks

Argentina (Mar-Feb) 675 1,040 813 84 54 84 426 355 290

Russia (Sep-Aug) 404 135 190 228 194 109 87 56 96

Turkey (Sep-Aug) 139 75 49 20 18 18 392 269 164

Ukraine (Sep-Aug) 412 157 172 405 576 396 87 36 69


Other 347 413 448 75 59 56 826 572 489

World Total 2,862 2,759 2,151 1,000 1,016 768 2,069 1,423 1,223


Table 14: Minor Vegetable Oils: World Supply and Distribution


Marketing Year

Oil, Peanut Oil, Cottonseed Oil, Olive

2015/162014/152013/142015/162014/152013/142015/162014/152013/14

Production

China (Oct-Sep) 2,725 2,707 2,721 1,487 1,396 1,110 nr nr nr

India (Oct-Sep) 1,188 1,100 1,059 1,305 1,320 1,244 nr nr nr

Turkey (Nov-Oct) 4 7 7 130 180 150 140 170 145

United States (Aug-Jul) 95 97 114 286 276 218 5 5 5

European Union (Oct-Sep) 12 12 12 48 50 42 2,475 1,550 2,100

Other 1,579 1,593 1,599 1,911 1,896 1,662 480 715 634

World Total 5,603 5,516 5,512 5,167 5,118 4,426 3,100 2,440 2,884

Imports

China (Oct-Sep) 74 141 175 0 0 0 nr nr nr

India (Oct-Sep) 0 0 0 0 0 0 nr nr nr

Turkey (Nov-Oct) 0 0 0 0 0 0 0 3 0



Other 18 17 17 53 65 43 227 187 198

World Total 183 245 296 67 74 52 592 753 642

Exports



Turkey (Nov-Oct) 0 0 0 1 1 1 28 16 20



Other 180 190 202 63 64 54 128 386 215

World Total 202 226 230 136 129 95 836 975 843


China (Oct-Sep) 2,789 2,840 2,886 1,483 1,387 1,105 nr nr nr

India (Oct-Sep) 1,183 1,085 1,040 1,295 1,317 1,270 nr nr nr

Turkey (Nov-Oct) 4 7 7 135 175 160 100 150 140


European Union (Oct-Sep) 74 81 84 47 51 41 1,780 1,570 1,650

Other 1,445 1,416 1,414 1,883 1,909 1,689 620 545 608

World Total 5,611 5,531 5,569 5,087 5,084 4,462 2,810 2,572 2,709

Ending Stocks



Turkey (Nov-Oct) 0 0 0 7 11 0 21 28 13



Other 14 18 18 89 77 39 89 60 69

World Total 36 40 49 195 174 95 541 187 161


Table 15: World Oilseeds and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Major Oilseeds

334.18 29.3670.04447.7270.9642.58195.69 2002/03 328.30 49.38

337.85 29.2466.80451.2964.0649.38212.33 2003/04 338.14 46.35

383.45 30.6674.35502.4972.7046.35219.10 2004/05 368.45 59.70

393.58 31.8075.81528.5975.3259.70220.90 2005/06 386.32 66.46

405.16 31.7683.09552.2380.6166.46222.95 2006/07 394.06 75.08

391.06 31.7591.35556.2390.0975.08218.84 2007/08 401.85 63.03

399.00 33.6794.57556.0193.9863.03230.52 2008/09 403.79 57.65

446.69 34.75106.93606.15101.8157.65236.17 2009/10 424.17 75.06

460.49 36.17108.38639.39103.8475.06245.22 2010/11 446.03 84.98

446.25 36.49111.30643.17111.9484.98248.60 2011/12 466.01 65.85

474.49 36.76118.39653.60113.2665.85255.80 2012/13 468.71 66.50

504.18 37.55133.50702.53131.8566.50260.08 2013/14 491.92 77.12

535.65 38.35146.50753.57140.8177.12264.07 2014/15 516.12 90.96

526.88 39.22149.33763.86146.0390.96262.41 2015/16 525.06 89.48

Major Protein Meals

185.66 0.3254.01247.1753.567.94nr 2002/03 186.14 7.02

191.02 0.3359.04255.8657.827.02nr 2003/04 189.23 7.59

206.36 0.3461.20273.4359.487.59nr 2004/05 204.56 7.68

216.66 0.3566.27289.7565.427.68nr 2005/06 214.90 8.58

223.62 0.3568.98299.0966.898.58nr 2006/07 220.73 9.39

231.24 0.4172.14310.3569.729.39nr 2007/08 228.87 9.34

228.92 0.3969.38305.7667.519.34nr 2008/09 229.03 7.36

243.78 0.4172.22319.9468.817.36nr 2009/10 238.98 8.75

256.45 0.4377.25339.1773.978.75nr 2010/11 250.78 11.14

266.79 0.4680.30355.4377.5011.14nr 2011/12 262.58 12.54

268.52 0.4878.45353.8172.7612.54nr 2012/13 263.97 11.40

282.17 0.5082.19371.9778.4011.40nr 2013/14 276.75 13.03

300.15 0.5185.04393.3280.1413.03nr 2014/15 293.49 14.79

308.62 0.4889.13408.5885.1814.79nr 2015/16 305.30 14.15

Major Vegetable Oils

96.32 83.1036.53141.4734.8910.2611.52 2002/03 94.87 10.07

103.05 87.0939.94150.8137.6910.0712.17 2003/04 100.40 10.47

111.87 91.6243.84163.2640.9110.4712.82 2004/05 107.38 12.04

119.21 94.5148.59175.7644.5112.0413.61 2005/06 114.02 13.16

121.95 96.4950.41182.5947.4813.1614.19 2006/07 119.10 13.08

129.07 99.4454.49192.8250.6813.0814.72 2007/08 125.34 12.99

134.13 102.7156.73201.5954.4612.9915.57 2008/09 130.84 14.02

141.43 107.3958.87211.8756.4314.0216.32 2009/10 138.38 14.62

148.62 111.3360.52221.4558.2114.6217.03 2010/11 144.98 15.95

157.24 115.6164.60234.9161.7215.9517.62 2011/12 151.68 18.63

160.64 120.1368.34244.0364.7518.6318.28 2012/13 157.44 18.25

170.58 125.1970.01255.3966.5618.2519.01 2013/14 165.98 19.39

176.13 130.4075.66265.4769.9519.3919.65 2014/15 170.63 19.18

178.69 135.0176.20269.8271.9519.1820.26 2015/16 177.16 16.46

Based on the aggregate of different marketing years


Table 16: World Soybeans and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

196.92 165.0261.32294.9662.8835.1581.62 2002/03 191.07 42.56

186.76 163.5256.05283.3654.0442.5688.58 2003/04 188.90 38.41

215.86 175.2464.75317.8363.5638.4193.35 2004/05 204.41 48.67

220.81 185.9163.85333.5864.1048.6793.11 2005/06 215.76 53.97

236.24 195.5271.14359.1268.9153.9794.56 2006/07 224.97 63.02

218.96 202.2578.32360.3778.4063.0290.85 2007/08 229.54 52.51

212.03 193.5377.21341.9977.4552.5196.44 2008/09 221.82 42.96

260.49 209.5691.44390.3186.8642.96102.56 2009/10 238.55 60.31

264.26 221.1391.70413.3588.7860.31103.36 2010/11 251.63 70.02

240.32 228.2992.19403.8393.4970.02103.13 2011/12 259.00 52.64

268.63 229.96100.80417.2195.9452.64109.78 2012/13 261.74 54.67

282.75 241.21112.70449.19111.7854.67113.00 2013/14 274.82 61.67

318.57 262.39125.88502.38122.1561.67118.14 2014/15 299.36 77.14

320.21 278.04130.90525.51128.1677.14120.74 2015/16 315.75 78.87

Meal, Soybean

130.18 165.0243.04178.4442.415.84nr 2002/03 129.87 5.52

128.89 163.5346.08179.3444.925.52nr 2003/04 127.62 5.64

138.57 175.2647.70190.2446.025.64nr 2004/05 136.70 5.84

146.36 185.9252.25203.6351.435.84nr 2005/06 145.23 6.15

153.77 195.5454.70212.7352.816.15nr 2006/07 150.94 7.09

158.71 202.2956.06220.6654.867.09nr 2007/08 157.42 7.18

152.09 193.7252.84210.9551.697.18nr 2008/09 153.17 4.93

165.24 209.8955.61223.6553.484.93nr 2009/10 161.44 6.60

174.28 221.5658.54237.7856.906.60nr 2010/11 170.78 8.46

180.41 228.7858.27245.8656.998.46nr 2011/12 177.90 9.70

181.12 230.4857.87244.6853.869.70nr 2012/13 177.33 9.48

189.46 241.7060.16256.8657.939.48nr 2013/14 186.22 10.49

206.95 262.9463.58277.6460.2010.49nr 2014/15 201.91 12.15

218.72 278.6167.26295.7764.9012.15nr 2015/16 216.36 12.14

Oil, Soybean

30.57 165.028.8142.038.213.25nr 2002/03 30.10 3.13

30.24 163.528.7041.768.393.13nr 2003/04 30.30 2.76

32.56 175.249.0644.188.862.76nr 2004/05 31.82 3.29

34.85 185.919.7947.219.083.29nr 2005/06 33.53 3.90

36.42 195.5210.5350.299.973.90nr 2006/07 35.70 4.06

37.74 202.2710.8452.2010.404.06nr 2007/08 37.52 3.83

35.93 193.709.1848.939.173.83nr 2008/09 36.34 3.40

38.84 209.879.1650.968.723.40nr 2009/10 38.17 3.63

41.33 221.549.6454.479.513.63nr 2010/11 40.59 4.24

42.73 228.748.4554.947.984.24nr 2011/12 42.26 4.22

43.07 230.449.3355.788.494.22nr 2012/13 42.60 3.85

45.00 241.659.4258.129.273.85nr 2013/14 45.15 3.54

48.95 262.8911.0162.5510.073.54nr 2014/15 47.92 3.62

52.01 278.5611.9566.8811.263.62nr 2015/16 51.28 3.65

Based on the aggregate of different marketing years, primarily October through September.


Table 17: World Rapeseed and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oilseed, Rapeseed

33.28 0.414.1340.154.022.8522.10 2002/03 33.82 2.20

39.46 0.425.5346.805.142.2025.49 2003/04 38.89 2.37

46.14 0.444.9153.515.002.3726.71 2004/05 43.31 5.30

48.57 0.456.9860.536.665.3027.29 2005/06 47.75 5.80

44.99 0.476.6357.776.995.8026.42 2006/07 46.11 5.03

48.59 0.488.1661.157.545.0328.31 2007/08 49.08 3.91

57.82 0.5012.1373.8412.113.9131.04 2008/09 54.49 7.22

60.97 0.5210.8478.9310.747.2231.46 2009/10 59.23 8.86

60.54 0.5410.8779.5110.108.8633.84 2010/11 60.35 8.29

61.36 0.6312.9282.8313.188.2933.98 2011/12 63.44 6.48

63.53 0.6612.4582.6712.666.4836.18 2012/13 65.46 4.76

71.82 0.7014.9791.8415.264.7636.24 2013/14 69.34 7.54

71.96 0.7014.9793.6014.107.5436.03 2014/15 71.76 6.87

67.45 0.7013.6987.6313.316.8733.77 2015/16 69.43 4.52

Meal, Rapeseed

18.82 0.001.6220.891.730.34nr 2002/03 18.95 0.32

21.75 0.002.4924.572.510.32nr 2003/04 21.59 0.49

24.21 0.002.2426.992.290.49nr 2004/05 24.40 0.35

26.49 0.002.5129.402.570.35nr 2005/06 26.29 0.60

25.71 0.002.9629.383.070.60nr 2006/07 26.12 0.29

27.60 0.003.6931.463.580.29nr 2007/08 27.48 0.30

30.67 0.003.5934.543.560.30nr 2008/09 30.70 0.25

33.35 0.003.6037.223.630.25nr 2009/10 33.17 0.45

34.03 0.005.1939.414.920.45nr 2010/11 33.71 0.51

35.58 0.005.4441.245.140.51nr 2011/12 35.21 0.59

36.89 0.005.5442.665.180.59nr 2012/13 36.75 0.38

39.25 0.006.0745.555.920.38nr 2013/14 39.06 0.42

40.31 0.005.8446.325.590.42nr 2014/15 40.01 0.47

38.90 0.005.5044.905.520.47nr 2015/16 39.07 0.33

Oil, Rapeseed

12.27 11.060.9113.880.890.72nr 2002/03 12.40 0.57

14.17 12.521.3316.101.360.57nr 2003/04 14.40 0.38

15.77 12.891.2917.351.200.38nr 2004/05 15.58 0.48

17.51 13.211.6519.461.470.48nr 2005/06 17.11 0.70

17.19 12.601.9920.092.200.70nr 2006/07 17.57 0.54

18.51 13.081.9021.072.030.54nr 2007/08 18.35 0.82

20.58 14.122.4423.842.440.82nr 2008/09 20.44 0.95

22.47 14.762.7426.352.920.95nr 2009/10 22.26 1.34

23.03 15.483.4227.713.331.34nr 2010/11 23.01 1.28

24.01 16.183.9729.314.011.28nr 2011/12 23.52 1.82

24.83 16.373.9430.523.871.82nr 2012/13 23.62 2.96

26.39 17.323.8233.133.782.96nr 2013/14 25.28 4.03

27.19 18.614.0635.133.924.03nr 2014/15 26.83 4.24

26.38 18.674.2334.694.084.24nr 2015/16 26.72 3.74

Based on the aggregate of different marketing years.


Table 18: World Sunflower and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Exports Domestic

Consumpti

Ending

Stocks

Oilseed, Sunflowerseed

23.73 2.5422.981.551.371.9620.18 2002/03

26.59 3.3025.752.262.192.5423.01 2003/04

25.03 2.8925.361.231.143.3020.83 2004/05

29.85 3.4429.171.521.382.8922.79 2005/06

29.75 4.0329.021.911.773.4423.42 2006/07

27.02 3.7227.111.461.234.0321.01 2007/08

32.82 3.9032.362.141.863.7223.65 2008/09

31.37 2.6932.521.551.483.9022.91 2009/10

32.71 2.4732.721.781.572.6922.94 2010/11

38.65 2.5838.241.931.642.4724.57 2011/12

35.06 2.7934.721.451.312.5823.46 2012/13

41.62 2.8641.101.951.512.7924.14 2013/14

39.62 2.7639.471.671.422.8623.19 2014/15

39.42 2.1539.911.321.212.7622.85 2015/16

Meal, Sunflowerseed

8.94 0.159.012.312.200.33nr 2002/03

10.18 0.199.942.852.650.15nr 2003/04

9.94 0.209.722.762.550.19nr 2004/05

11.50 0.3011.143.543.280.20nr 2005/06

11.49 0.2311.393.473.290.30nr 2006/07

10.75 0.2910.183.282.770.23nr 2007/08

12.80 0.6612.124.273.960.29nr 2008/09

13.04 0.7512.344.113.490.66nr 2009/10

13.00 0.7412.284.593.860.75nr 2010/11

15.35 1.2814.146.766.100.74nr 2011/12

13.89 0.5014.295.114.721.28nr 2012/13

16.69 1.0015.536.225.560.50nr 2013/14

15.99 1.0215.475.855.351.00nr 2014/15

16.19 0.7715.636.585.771.02nr 2015/16

Oil, Sunflowerseed

8.01 0.747.602.311.990.64nr 2002/03

9.09 0.728.392.681.960.74nr 2003/04

9.04 0.958.412.582.170.72nr 2004/05

10.51 1.129.723.923.300.95nr 2005/06

10.59 0.9810.014.053.331.12nr 2006/07

10.04 1.109.153.522.750.98nr 2007/08

11.83 1.8610.604.544.081.10nr 2008/09

11.99 1.6511.454.503.751.86nr 2009/10

12.03 1.2411.604.533.691.65nr 2010/11

14.34 2.1812.606.475.671.24nr 2011/12

12.87 1.7112.755.564.962.18nr 2012/13

15.52 2.0714.067.786.691.71nr 2013/14

14.87 1.4214.067.375.922.07nr 2014/15

15.08 1.2214.077.486.281.42nr 2015/16

Based on the aggregate of different marketing years, primarily September through August.


Table 19: World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution

Million Metric Tons

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Industrial

Dom.

Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oil, Palm

19.67 21.984.4120.3450.7627.763.33 2002/03 26.93 3.50

21.91 23.035.1422.6155.5130.113.50 2003/04 28.69 4.21

24.35 24.916.3225.8262.1933.634.21 2004/05 31.76 4.60

26.14 26.047.2827.9966.7536.014.60 2005/06 33.87 4.89

27.14 27.537.8928.5169.6137.584.89 2006/07 35.93 5.17

30.66 30.109.1932.6177.2541.425.17 2007/08 39.88 4.76

34.00 32.0210.1235.1983.2044.454.76 2008/09 42.77 5.24

35.41 34.0210.3336.3587.0346.375.24 2009/10 45.00 5.68

36.63 35.5811.6337.2591.5449.245.68 2010/11 47.82 6.48

38.82 37.1012.6639.7997.8852.586.48 2011/12 50.47 7.63

41.86 39.9814.4343.14105.9256.427.63 2012/13 55.10 7.68

41.84 41.1116.1843.20108.9159.387.68 2013/14 57.99 7.72

44.59 43.0714.7246.73113.7461.437.72 2014/15 58.57 8.44

45.09 45.0216.3046.50115.2561.728.44 2015/16 62.10 6.65

Oil, Coconut

1.89 1.801.251.735.533.150.49 2002/03 3.16 0.63

1.68 1.741.411.795.583.270.63 2003/04 3.28 0.51

1.91 1.801.402.085.843.420.51 2004/05 3.29 0.47

2.03 1.781.432.055.843.340.47 2005/06 3.35 0.44

1.87 1.741.431.745.473.160.44 2006/07 3.25 0.48

1.90 1.851.511.935.853.470.48 2007/08 3.38 0.54

1.66 1.721.561.485.623.420.54 2008/09 3.29 0.85

2.28 2.151.682.176.663.530.85 2009/10 3.84 0.64

1.78 1.961.671.716.103.680.64 2010/11 3.65 0.75

1.82 1.971.551.866.013.430.75 2011/12 3.54 0.60

1.88 2.031.711.916.133.650.60 2012/13 3.76 0.47

1.72 1.841.581.735.573.380.47 2013/14 3.43 0.41

1.75 1.771.511.905.523.360.41 2014/15 3.30 0.32

1.70 1.771.601.785.433.410.32 2015/16 3.39 0.26

Meal, Fish

2.85 0.000.052.858.524.730.94 2002/03 5.07 0.60

3.12 0.000.053.209.265.540.60 2003/04 5.28 0.77

3.60 0.000.063.659.905.520.77 2004/05 5.60 0.66

2.95 0.000.052.728.384.770.66 2005/06 5.02 0.63

2.69 0.000.052.598.284.960.63 2006/07 4.83 0.85

3.01 0.000.052.858.885.020.85 2007/08 5.31 0.72

3.11 0.000.052.958.744.910.72 2008/09 5.22 0.57

2.63 0.000.052.267.123.920.57 2009/10 4.67 0.19

2.66 0.000.052.497.865.020.19 2010/11 4.77 0.61

2.92 0.000.052.597.704.180.61 2011/12 4.93 0.18

2.36 0.000.052.136.904.370.18 2012/13 4.47 0.31

2.60 0.000.052.187.044.140.31 2013/14 4.64 0.22

2.50 0.000.052.197.014.290.22 2014/15 4.63 0.19

2.40 0.000.052.176.844.250.19 2015/16 4.52 0.14

Based on the aggregate of different marketing years.


Table 20: United States Oilseeds and Products Supply and Distribution Local Marketing Year


Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply


Consumpti

Ending

Stocks

Major Oilseeds

83,935 47,50529,43391,3585506,87336,284 2002/03 56,090 5,835

76,604 45,53925,15882,9425035,83536,041 2003/04 53,632 4,152

95,944 50,16730,708100,7776814,15236,808 2004/05 61,780 8,289

95,670 51,89726,611104,6236648,28936,587 2005/06 63,811 14,201

96,843 53,48331,647112,0771,03314,20136,962 2006/07 63,407 17,023

82,453 53,49533,045100,7411,26517,02331,970 2007/08 60,787 6,909

89,201 49,34335,69497,4051,2956,90935,265 2008/09 56,092 5,619

98,951 51,48241,691105,6361,0665,61935,511 2009/10 58,401 5,544

100,432 49,32341,937106,9219455,54437,179 2010/11 57,665 7,319

92,442 50,31637,813101,0461,2857,31935,131 2011/12 57,621 5,612

93,323 50,25037,156100,5401,6055,61236,676 2012/13 57,621 5,763

99,016 51,45945,549107,8473,0685,76335,438 2013/14 58,345 3,953

116,029 55,13651,138121,8251,8433,95338,983 2014/15 63,933 6,754

116,150 54,85846,783124,2511,3476,75438,426 2015/16 63,032 14,436

Major Protein Meals

36,594 47,5055,92438,0821,202286nr 2002/03 31,912 246

35,189 45,5394,94537,2801,845246nr 2003/04 32,062 273

39,240 50,1676,95441,0501,537273nr 2004/05 33,881 215

39,920 51,8977,60841,7981,663215nr 2005/06 33,829 361

41,440 53,4838,26443,5101,709361nr 2006/07 34,861 385

40,867 53,4958,70643,2441,992385nr 2007/08 34,205 333

37,721 49,3437,94039,8711,817333nr 2008/09 31,685 246

40,076 51,48210,30841,6661,344246nr 2009/10 31,017 341

38,055 49,3238,48740,6372,241341nr 2010/11 31,772 378

39,507 50,3169,17042,9173,032378nr 2011/12 33,411 336

38,689 50,25010,46042,4183,393336nr 2012/13 31,645 313

39,387 51,45910,77443,4983,798313nr 2013/14 32,433 291

43,289 55,13612,18047,4403,860291nr 2014/15 34,968 292

42,388 54,85810,45546,8934,213292nr 2015/16 36,102 336

Major Vegetable Oils

9,208 47,5051,23812,0561,5431,3050 2002/03 9,896 922

8,772 45,53974011,6051,9119220 2003/04 10,070 795

9,769 50,16783812,4051,8417950 2004/05 10,443 1,124

10,436 51,89789913,9392,3791,1240 2005/06 11,243 1,797

10,450 53,4831,33314,7742,5271,7970 2006/07 11,700 1,741

10,544 53,4951,67915,3933,1081,7410 2007/08 12,250 1,464

9,667 49,3431,45714,3613,2301,4640 2008/09 11,167 1,737

10,058 51,4821,94815,1333,3381,7370 2009/10 11,194 1,991

9,774 49,3231,86115,3773,6121,9910 2010/11 11,793 1,723

10,033 50,3161,14615,5873,8311,7230 2011/12 12,874 1,567

10,227 50,2501,38715,5953,8011,5670 2012/13 13,065 1,143

10,423 51,4591,11515,5834,0171,1430 2013/14 13,496 972

10,954 55,1361,17416,1484,2229720 2014/15 13,765 1,209

11,109 54,8581,19316,6084,2901,2090 2015/16 14,012 1,403

Based on the aggregate of different marketing years


Table 21: United States Soybeans and Products Supply and Distribution Local Marketing Years


Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply


Consumpti

Ending

Stocks

Oilseed, Soybean

75,010 43,94828,42380,8001275,66329,339 2002/03 47,524 4,853

66,783 41,63224,12871,7871514,85329,330 2003/04 44,600 3,059

85,019 46,16029,86088,2301523,05929,930 2004/05 51,410 6,960

83,507 47,32425,57990,559926,96028,834 2005/06 52,751 12,229

87,001 49,19830,38699,47624612,22930,190 2006/07 53,473 15,617

72,859 49,08131,53888,74526915,61725,959 2007/08 51,627 5,580

80,749 45,23034,81786,6903615,58030,222 2008/09 48,112 3,761

91,470 47,67340,79895,6283973,76130,907 2009/10 50,724 4,106

90,663 44,85140,95995,1623934,10631,003 2010/11 48,351 5,852

84,291 46,34837,18690,5824395,85229,856 2011/12 48,786 4,610

82,791 45,96736,12988,5041,1034,61030,814 2012/13 48,550 3,825

91,389 47,19244,57497,1681,9543,82530,858 2013/14 50,090 2,504

106,878 50,97550,169110,2869042,50433,423 2014/15 54,929 5,188

106,934 50,89345,994112,9388165,18833,109 2015/16 54,433 12,511

Meal, Soybean

34,649 43,9485,72835,024157218nr 2002/03 29,096 200

32,953 41,6324,69033,412259200nr 2003/04 28,531 191

36,936 46,1606,65937,261134191nr 2004/05 30,446 156

37,416 47,3247,30137,700128156nr 2005/06 30,114 285

39,037 49,1987,98739,464142285nr 2006/07 31,166 311

38,359 49,0818,38438,798128311nr 2007/08 30,148 266

35,473 45,2307,70835,81980266nr 2008/09 27,898 213

37,836 47,67310,12538,194145213nr 2009/10 27,795 274

35,608 44,8518,23836,045163274nr 2010/11 27,489 318

37,217 46,3488,84537,731196318nr 2011/12 28,614 272

36,174 45,96710,11136,668222272nr 2012/13 26,308 249

36,909 47,19210,47437,505347249nr 2013/14 26,804 227

40,879 50,97511,92941,408302227nr 2014/15 29,243 236

40,065 50,89310,16040,641340236nr 2015/16 30,209 272

Oil, Soybean

8,360 43,9481,0279,451211,070nr 2002/03 7,748 676

7,748 41,6324258,563139676nr 2003/04 7,650 488

8,782 46,1606009,28212488nr 2004/05 7,911 771

9,248 47,32452310,03516771nr 2005/06 8,147 1,365

9,294 49,19885110,676171,365nr 2006/07 8,426 1,399

9,335 49,0811,32010,764301,399nr 2007/08 8,317 1,127

8,503 45,2309959,671411,127nr 2008/09 7,378 1,298

8,897 47,6731,52410,242471,298nr 2009/10 7,173 1,545

8,568 44,8511,46610,185721,545nr 2010/11 7,506 1,213

8,954 46,34866410,235681,213nr 2011/12 8,396 1,175

8,990 45,96798210,254891,175nr 2012/13 8,522 750

9,131 47,1928519,95675750nr 2013/14 8,576 529

9,706 50,97591410,355120529nr 2014/15 8,600 841

9,857 50,89395310,834136841nr 2015/16 8,891 990

Data based on Local Marketing Year (MY). Soybeans are on a September/August MY, and Soybean

Meal and Oil are on an October/September MY.


Table 22: Brazil Soybeans and Products Supply and Distribution Local Marketing Years


Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply


Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

52,000 27,79619,98754,1051,12498118,448 2002/03 30,220 3,898

51,000 28,91419,25755,2623643,89821,520 2003/04 31,457 4,548

53,000 29,72822,79957,9003524,54822,917 2004/05 32,413 2,688

57,000 28,75624,77059,728402,68822,229 2005/06 31,506 3,452

59,000 31,51123,80562,5601083,45220,700 2006/07 34,261 4,494

61,000 31,89524,51565,577834,49421,300 2007/08 34,695 6,367

57,800 30,77928,04164,2911246,36721,700 2008/09 33,579 2,671

69,000 35,70029,18871,8211502,67123,500 2009/10 38,550 4,083

75,300 37,26433,78979,423404,08324,200 2010/11 40,164 5,470

66,500 36,23031,90572,2682985,47025,000 2011/12 39,130 1,233

82,000 36,43242,82683,4732401,23327,700 2012/13 39,378 1,269

86,700 38,27445,74788,5485791,26930,100 2013/14 41,224 1,577

96,200 40,30054,63598,1023251,57732,100 2014/15 43,267 200

100,000 40,00056,650100,50030020033,300 2015/16 43,000 850

Meal, Soybean (Local)

21,773 27,79613,54222,813337703nr 2002/03 8,292 979

22,330 28,91414,59623,536227979nr 2003/04 8,099 841

23,040 29,72814,25624,125244841nr 2004/05 9,133 736

22,280 28,75612,28723,230214736nr 2005/06 10,080 863

24,420 31,51112,34625,429146863nr 2006/07 11,520 1,563

24,720 31,89512,70926,4261431,563nr 2007/08 12,000 1,717

23,850 30,77912,15325,653861,717nr 2008/09 12,200 1,300

27,670 35,70014,14729,055851,300nr 2009/10 13,143 1,765

28,880 37,26414,45230,696511,765nr 2010/11 14,000 2,244

28,080 36,23013,85430,339152,244nr 2011/12 14,100 2,385

28,230 36,43213,61930,645302,385nr 2012/13 14,326 2,700

29,620 38,27413,72132,347272,700nr 2013/14 14,800 3,826

31,200 40,30015,10035,046203,826nr 2014/15 15,546 4,400

30,960 40,00015,60035,380204,400nr 2015/16 15,650 4,130

Oil, Soybean (Local)

5,349 27,7962,4055,58747191nr 2002/03 2,897 285

5,550 28,9142,5315,84914285nr 2003/04 2,970 348

5,705 29,7282,6976,0563348nr 2004/05 3,099 260

5,520 28,7562,3155,79818260nr 2005/06 3,211 272

6,050 31,5112,5216,38462272nr 2006/07 3,505 358

6,120 31,8952,1986,4879358nr 2007/08 4,005 284

5,910 30,7791,4966,23541284nr 2008/09 4,395 344

6,850 35,7001,6327,1962344nr 2009/10 5,060 504

7,150 37,2641,7587,6540504nr 2010/11 5,305 591

6,950 36,2301,6887,5432591nr 2011/12 5,395 460

6,980 36,4321,4107,4444460nr 2012/13 5,518 516

7,340 38,2741,3267,8560516nr 2013/14 5,965 565

7,740 40,3001,6508,31611565nr 2014/15 6,386 280

7,680 40,0001,3407,97010280nr 2015/16 6,415 215

Data based on Brazil's local February/January Marketing Year (MY).

Where February 2012 - January 2013 is the 2011/12 MY.


Table 23: Argentina Soybeans and Products Supply and Distribution Local Marketing Years


Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply


Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

35,500 24,8158,80936,9683771,09112,600 2002/03 26,075 2,084

33,000 25,0726,79935,8037192,08414,000 2003/04 26,472 2,532

39,000 29,56010,68642,2417092,53214,400 2004/05 31,000 555

40,500 32,7487,13242,0681,01355515,200 2005/06 34,268 668

48,800 35,96312,13351,8042,33666816,300 2006/07 37,593 2,078

46,200 31,88311,80351,2252,9472,07816,371 2007/08 33,608 5,814

32,000 28,5553,48637,9711575,81416,000 2008/09 30,405 4,080

54,500 39,19613,70158,58004,08018,600 2009/10 41,196 3,683

49,000 37,52110,38952,696133,68318,300 2010/11 39,821 2,486

40,100 30,6816,09842,58822,48617,577 2011/12 33,431 3,059

49,300 35,0097,81752,36123,05919,750 2012/13 38,209 6,335

53,500 38,4977,43359,83726,33519,400 2013/14 42,084 10,320

61,400 44,60011,80071,722210,32019,300 2014/15 48,767 11,155

58,500 45,10011,40069,657211,15520,000 2015/16 49,250 9,007

Meal, Soybean (Local)

19,667 24,81519,16220,4490782nr 2002/03 375 912

19,741 25,07219,07820,6552912nr 2003/04 492 1,085

23,350 29,56022,70324,43611,085nr 2004/05 530 1,203

25,582 32,74824,72326,78501,203nr 2005/06 535 1,527

27,857 35,96328,10829,38621,527nr 2006/07 544 734

24,839 31,88324,38925,5763734nr 2007/08 652 535

22,519 28,55521,30323,0584535nr 2008/09 750 1,005

30,493 39,19628,38431,49801,005nr 2009/10 850 2,264

29,181 37,52127,48531,44502,264nr 2010/11 1,085 2,875

23,946 30,68121,97326,82102,875nr 2011/12 1,550 3,298

27,150 35,00923,93730,44803,298nr 2012/13 1,950 4,561

29,524 38,49727,42534,08504,561nr 2013/14 2,200 4,460

34,390 44,60032,00038,85004,460nr 2014/15 2,400 4,450

35,000 45,10032,60039,45004,450nr 2015/16 2,410 4,440

Oil, Soybean (Local)

4,672 24,8154,2455,0520380nr 2002/03 389 418

4,724 25,0724,4465,1420418nr 2003/04 392 304

5,558 29,5605,0825,8620304nr 2004/05 395 385

6,169 32,7485,6676,5540385nr 2005/06 402 485

6,917 35,9636,5157,4020485nr 2006/07 675 212

6,037 31,8834,9876,2490212nr 2007/08 1,125 137

5,448 28,5553,7095,5850137nr 2008/09 1,716 160

7,460 39,1965,1807,6200160nr 2009/10 2,215 225

7,148 37,5214,2277,3730225nr 2010/11 2,755 391

5,840 30,6813,4336,26635391nr 2011/12 2,620 213

6,616 35,0094,2816,88859213nr 2012/13 2,375 232

7,190 38,4974,2967,44826232nr 2013/14 2,843 309

8,590 44,6005,9008,90910309nr 2014/15 2,600 409

8,540 45,1005,9258,9545409nr 2015/16 2,665 364

Data based on Argentina's Local April/March Marketing Year (MY).

Where April 2012 - March 2013 is the 2011/12 MY.


Table 24: South East Asia Oilseeds and Products Supply and Distribution


2011/12 2012/13 2013/14 2014/15

Mar

2015/16

Feb

2015/16

none

Production none

4,249 Oilseed, Copra 4,547 4,198 4,174 4,241 4,241

11,881 Oilseed, Palm Kernel 12,816 13,632 14,145 14,126 14,226

1,142 Oilseed, Soybean 1,065 1,078 1,058 nr 1,046

4,004 Other 3,813 3,809 3,902 nr 3,871

21,276 Total 22,241 22,717 23,279 nr 23,384

none


593 Meal, Fish 576 497 500 508 508

495 Meal, Rapeseed 479 523 501 350 350

14,004 Meal, Soybean 14,839 15,908 17,678 nr 19,215

2,375 Other 2,533 2,641 3,071 3,054 3,097

17,467 Total 18,427 19,569 21,750 23,127 23,170

none

SME none

857 Meal, Fish 832 718 723 734 734

352 Meal, Rapeseed 341 373 356 249 249

14,004 Meal, Soybean 14,839 15,908 17,678 nr 19,215

1,365 Other 1,419 1,461 1,644 1,636 1,651

16,578 Total 17,430 18,459 20,401 21,833 21,849

none

Imports none

146 Meal, Fish 140 134 149 163 163

496 Meal, Rapeseed 479 524 501 350 350

11,415 Meal, Soybean 12,485 13,743 14,829 16,072 16,072

421 Other 454 390 556 444 444

12,478 Total 13,558 14,791 16,035 17,029 17,029

none

Industrial Dom. Cons. none

5,366 Oil, Palm 6,216 7,470 5,920 7,300 7,300

0 Oil, Rapeseed 0 0 0 0 0

45 Oil, Soybean 34 36 39 nr 42

0 Oil, Sunflowerseed 0 0 0 0 0

3,346 Other 3,658 3,935 3,957 4,055 4,055

8,757 Total 9,908 11,441 9,916 11,397 11,397

none

Food Use Dom. Cons. none

7,307 Oil, Palm 7,550 8,305 8,685 9,045 9,045


509 Oil, Soybean 479 512 622 703 713


1,378 Other 1,482 1,491 1,417 1,430 1,440

9,338 Total 9,626 10,424 10,880 11,335 11,355

none


13,014 Oil, Palm 14,111 16,145 15,045 16,785 16,785


554 Oil, Soybean 513 548 661 745 755


4,732 Other 5,148 5,436 5,384 5,495 5,505

18,444 Total 19,887 22,245 21,246 23,182 23,202

none

Imports none

4,115 Oil, Palm 3,040 2,918 3,671 3,245 3,245


240 Oil, Soybean 224 292 322 345 345


817 Other 606 508 686 483 483

5,176 Total 3,875 3,724 4,685 4,080 4,080

Southeast Asia includes Brunei, Burma, Cambonia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

SME - 44 Percent Protein Soybean Meal Equivalent


Table 25: Middle East Oilseeds and Products Supply and Distribution


2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

none

Production none

1,602 Oilseed, Cottonseed 1,330 1,106 1,223 1,041 1,041

35 Oilseed, Rapeseed 55 80 85 60 60

222 Oilseed, Soybean 246 318 332 287 287

1,029 Oilseed, Sunflowerseed 1,230 1,502 1,306 1,106 1,106

90 Other 120 140 120 150 150

2,978 Total 2,981 3,146 3,066 2,644 2,644

none


61 Meal, Fish 81 86 89 93 91

480 Meal, Rapeseed 417 435 530 576 500

5,760 Meal, Soybean 5,798 6,421 6,666 7,352 7,352

2,442 Other 2,156 2,394 2,361 2,270 2,270

8,743 Total 8,452 9,336 9,646 10,291 10,213

none

SME none

88 Meal, Fish 117 124 129 134 131

342 Meal, Rapeseed 297 310 377 410 356

5,760 Meal, Soybean 5,798 6,421 6,666 7,352 7,352

2,204 Other 1,952 2,185 2,147 2,069 2,069

8,393 Total 8,164 9,040 9,319 9,965 9,908

none

Imports none

62 Meal, Fish 73 80 84 88 86

116 Meal, Rapeseed 78 41 37 40 20

4,973 Meal, Soybean 4,834 5,298 4,361 4,835 4,835

1,192 Other 749 1,117 1,128 1,208 1,208

6,343 Total 5,734 6,536 5,610 6,171 6,149

none

Imports none

2,239 Oil, Palm 2,418 2,420 2,163 2,105 2,105


506 Oil, Soybean 651 626 483 535 535

1,331 Oil, Sunflowerseed 1,154 1,812 1,782 1,915 1,915

46 Other 59 68 85 86 86

4,124 Total 4,284 4,932 4,519 4,645 4,645

none


150 Oil, Palm 160 180 185 180 180

30 Oil, Rapeseed 20 35 35 35 35

61 Oil, Soybean 65 76 135 161 161


45 Other 47 53 67 61 61

316 Total 332 374 442 457 457

none


1,653 Oil, Palm 1,767 1,853 1,660 1,690 1,690

65 Oil, Rapeseed 55 85 174 180 145

772 Oil, Soybean 766 786 846 937 937


554 Other 499 484 523 555 555

4,539 Total 4,698 4,995 5,360 5,472 5,437

none


1,803 Oil, Palm 1,927 2,033 1,845 1,870 1,870

95 Oil, Rapeseed 75 120 209 215 180

848 Oil, Soybean 846 917 1,056 1,183 1,183


599 Other 546 537 590 616 616

4,895 Total 5,070 5,444 5,887 6,024 5,989

Middle East includes Bahrain, Gaza Strip, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey,

United Arab Emirates, West Banks, and Yemen.



Table 26: European Union Oilseeds and Products Supply and Distribution


2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

none

Production none

19,240 Oilseed, Rapeseed 19,560 21,304 24,450 21,800 21,800

1,220 Oilseed, Soybean 948 1,211 1,810 2,050 2,050


550 Other 484 480 523 383 383

29,465 Total 28,080 32,047 35,715 31,983 31,983

none


676 Meal, Fish 551 597 529 485 485

12,375 Meal, Rapeseed 13,267 13,750 14,600 13,900 14,050

29,670 Meal, Soybean 27,042 28,392 30,142 31,642 31,642

9,921 Other 9,607 9,630 9,440 9,344 9,344

52,642 Total 50,467 52,369 54,711 55,371 55,521

none

SME none

977 Meal, Fish 796 863 764 701 701

8,805 Meal, Rapeseed 9,439 9,783 10,388 9,890 9,997

29,670 Meal, Soybean 27,042 28,392 30,142 31,642 31,642

7,743 Other 7,497 7,745 7,612 7,573 7,573

47,194 Total 44,774 46,783 48,906 49,805 49,912

none

Imports none

466 Meal, Fish 330 372 279 250 250

244 Meal, Rapeseed 415 457 452 450 450

20,872 Meal, Soybean 16,941 18,135 19,260 20,300 20,700

6,620 Other 5,700 5,656 5,405 5,570 5,570

28,202 Total 23,386 24,620 25,396 26,570 26,970

none


2,310 Oil, Palm 2,905 3,320 3,450 3,500 3,500

6,500 Oil, Rapeseed 6,600 6,950 7,200 6,900 7,000

1,031 Oil, Soybean 841 900 950 950 950


482 Other 470 450 430 410 410

10,556 Total 11,036 11,870 12,270 11,990 12,090

none


2,950 Oil, Palm 3,380 3,220 3,000 3,100 3,100

2,800 Oil, Rapeseed 2,700 2,800 3,050 3,050 3,100

1,010 Oil, Soybean 1,000 1,000 1,000 1,000 1,000


2,912 Other 2,607 2,621 2,402 2,490 2,490

12,887 Total 12,837 13,041 12,902 13,100 13,150

none


5,523 Oil, Palm 6,560 6,790 6,700 6,850 6,850

9,311 Oil, Rapeseed 9,313 9,765 10,275 9,980 10,130

2,109 Oil, Soybean 1,908 1,970 2,000 2,000 2,000


3,420 Other 3,105 3,091 2,852 2,915 2,915

23,816 Total 24,261 25,276 25,527 25,445 25,595

none

Imports none

5,707 Oil, Palm 6,812 6,969 6,770 6,950 6,950

607 Oil, Rapeseed 210 303 261 250 250

386 Oil, Soybean 322 329 252 150 150

992 Oil, Sunflowerseed 942 1,039 823 1,000 1,000

1,428 Other 1,662 1,340 1,487 1,335 1,335

9,120 Total 9,948 9,980 9,593 9,685 9,685

European Union includes Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France,

Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania,

Slovakia, Slovenia, Spain, Sweden, and United Kingdom.


Table 27: China Oilseeds and Products Supply and Distribution


2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

none

Production none

16,046 Oilseed, Peanut 16,692 16,972 16,482 16,700 16,700


14,485 Oilseed, Soybean 13,050 11,950 12,150 12,000 12,000


13,325 Other 13,720 12,835 11,757 9,330 9,330

59,595 Total 59,792 58,639 57,653 54,430 54,430

none


1,624 Meal, Fish 1,368 1,447 1,464 1,400 1,400

10,737 Meal, Rapeseed 10,695 11,908 11,647 11,489 11,474

47,435 Meal, Soybean 50,091 52,534 57,471 62,080 62,952

8,093 Other 8,734 8,657 8,296 7,430 7,430

67,889 Total 70,888 74,546 78,878 82,399 83,256

none

SME none

2,347 Meal, Fish 1,977 2,091 2,115 2,023 2,023

7,639 Meal, Rapeseed 7,609 8,473 8,287 8,174 8,164

47,435 Meal, Soybean 50,091 52,534 57,471 62,080 62,952

7,640 Other 8,251 8,219 7,896 7,203 7,203

65,061 Total 67,928 71,316 75,770 79,480 80,341

none

Imports none

1,249 Meal, Fish 981 1,041 1,031 950 950

666 Meal, Rapeseed 106 314 142 125 125

113 Meal, Soybean 16 20 58 20 20

4 Other 9 58 0 35 35

2,032 Total 1,112 1,433 1,231 1,130 1,130

none


3,691 Oil, Palm 4,189 3,569 3,776 3,750 3,550

2,585 Oil, Peanut 2,745 2,789 2,840 2,886 2,886

6,255 Oil, Rapeseed 6,316 6,750 7,250 7,650 7,650

12,044 Oil, Soybean 12,545 13,657 14,126 15,228 15,450

469 Oil, Sunflowerseed 838 1,012 1,000 820 820

1,668 Other 1,715 1,623 1,523 1,255 1,255

26,712 Total 28,348 29,400 30,515 31,589 31,611

none


5,841 Oil, Palm 6,389 5,669 5,726 5,750 5,550

2,585 Oil, Peanut 2,745 2,789 2,840 2,886 2,886

6,255 Oil, Rapeseed 6,316 6,750 7,250 7,650 7,650

12,044 Oil, Soybean 12,545 13,657 14,126 15,228 15,450

469 Oil, Sunflowerseed 838 1,012 1,000 820 820

2,144 Other 2,335 2,118 2,101 1,905 1,905

29,338 Total 31,168 31,995 33,043 34,239 34,261

none

Imports none

5,841 Oil, Palm 6,589 5,573 5,696 5,700 5,500

62 Oil, Peanut 65 74 141 175 175

1,036 Oil, Rapeseed 1,598 902 732 800 800

1,502 Oil, Soybean 1,409 1,353 773 850 850


669 Other 770 635 714 800 800

9,232 Total 10,793 9,068 8,590 8,725 8,525



Table 28: India Oilseeds and Products Supply and Distribution


2011/12 2012/13 2013/14 2014/15

Feb

2015/16

Mar

2015/16

none

Production none

12,312 Oilseed, Cottonseed 12,100 12,950 12,500 11,800 11,400

5,500 Oilseed, Peanut 5,000 5,650 4,900 4,100 4,700


11,700 Oilseed, Soybean 12,200 9,500 8,700 8,000 8,000

620 Oilseed, Sunflowerseed 700 670 420 420 460

775 Other 720 725 730 735 735

37,107 Total 37,520 36,795 33,560 31,055 31,295

none


3,927 Meal, Cottonseed 3,957 4,230 4,264 4,163 4,022

1,362 Meal, Peanut 1,393 1,402 1,292 1,028 1,248

2,295 Meal, Rapeseed 2,477 2,403 2,410 2,800 2,800

3,300 Meal, Soybean 3,520 3,940 4,610 5,080 5,080

273 Meal, Sunflowerseed 384 313 189 196 215

318 Other 284 303 377 306 306

11,475 Total 12,015 12,591 13,142 13,573 13,671

none

SME none

3,182 Meal, Cottonseed 3,206 3,428 3,455 3,373 3,259

1,531 Meal, Peanut 1,566 1,576 1,452 1,155 1,403

1,633 Meal, Rapeseed 1,762 1,710 1,715 1,992 1,992

3,300 Meal, Soybean 3,520 3,940 4,610 5,080 5,080

258 Meal, Sunflowerseed 363 296 178 185 203

142 Other 127 136 169 138 138

10,046 Total 10,544 11,085 11,580 11,924 12,075

none


1,185 Oil, Cottonseed 1,195 1,250 1,272 1,255 1,225

7,185 Oil, Palm 7,920 8,052 8,609 9,575 9,300

1,159 Oil, Peanut 1,177 1,173 1,075 855 1,030

2,243 Oil, Rapeseed 2,270 2,435 2,425 2,300 2,300

2,750 Oil, Soybean 2,950 3,300 4,050 4,800 4,850


321 Other 370 379 385 365 365

16,123 Total 17,062 18,269 19,482 20,835 20,755

none


1,227 Oil, Cottonseed 1,238 1,295 1,317 1,300 1,270

7,485 Oil, Palm 8,250 8,412 9,009 10,025 9,750

1,169 Oil, Peanut 1,187 1,183 1,085 865 1,040

2,293 Oil, Rapeseed 2,330 2,505 2,505 2,380 2,380

2,750 Oil, Soybean 2,950 3,300 4,050 4,800 4,850


621 Other 720 689 685 675 675

16,825 Total 17,855 19,064 20,317 21,730 21,650

none

Imports none

0 Oil, Cottonseed 0 0 0 0 0

7,473 Oil, Palm 8,364 7,820 9,129 9,625 9,425

0 Oil, Peanut 0 0 0 0 0

98 Oil, Rapeseed 8 160 384 450 450

1,174 Oil, Soybean 1,086 1,830 2,799 3,650 3,700

1,114 Oil, Sunflowerseed 939 1,528 1,531 1,550 1,550

168 Other 335 233 227 233 233

10,027 Total 10,732 11,571 14,070 15,508 15,358



Year Rapeseed CopraBeg U.S. U.S. Brz Arg Rott U.S. Rott U.S. Rott Hamb RottOct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/

Oct - Sep Average04/05-13/14 377 387 411 409 452 502 1396 450 487 473 676

2004/05 217 214 232 228 277 402 915 316 313 262 4312005/06 205 202 228 227 261 383 857 261 291 292 3872006/07 254 264 279 279 335 394 1,128 343 401 375 5372007/08 414 452 472 469 550 458 1,688 532 745 644 8672008/09 368 365 403 392 421 517 1,204 461 364 393 4872009/10 354 357 390 395 429 467 1,209 342 452 419 6132010/11 454 482 508 511 549 508 1,792 591 661 647 11882011/12 488 505 549 533 562 729 2,480 632 593 616 8292012/13 530 537 538 543 592 635 1,391 546 580 579 5702013/14 482 487 514 517 542 524 1,300 480 466 505 854

2014/15 Oct 366 343 403 424 425 463 1,342 503 419 412 769 Nov 375 373 417 457 449 472 1,370 437 443 418 795 Dec 378 377 414 459 443 463 1,360 432 464 428 813 Jan 378 365 397 447 423 496 1,350 425 438 415 764 Feb 364 361 385 442 407 492 1,350 454 438 405 794 Mar 362 356 377 402 403 496 1,300 489 433 399 721 Apr 356 353 376 368 395 487 1,300 511 426 404 714 May 353 350 374 362 389 496 1,290 582 406 427 748 Jun 352 353 373 364 397 481 1,280 564 420 451 748 Jul 366 371 394 376 405 507 1,280 582 432 419 735 Aug 357 348 378 362 381 483 1,150 531 430 411 689 Sep 333 317 371 353 368 443 1,150 556 431 413 699 Average 362 356 388 401 407 482 1,294 506 432 417 749

2015/16 Oct 324 320 364 358 376 412 1,150 410 464 426 736 Nov 319 316 331 349 368 392 1,175 406 478 406 716 Dec 322 321 330 350 372 392 1,200 428 473 413 759 Jan 320 320 333 340 367 425 1,175 441 465 397 763 *Feb N/A 317 332 327 369 N/A 1,150 N/A 464 395 813 Mar Apr May Jun Jul Aug Sep Average 321 319 338 345 370 405 1,170 421 469 407 757

7/ Rotterdam CIF; US Runners 40/50%, Shelled Basis, Oilworld. 8/ US Farm Price; USDA9/ Rotterdam/Amsterdam CIF; EU; Oil World 10/Hamburg CIF; Europe "00"; Oil World.

* Preliminary Oct/Nov Shipment

3/ Brazil Paranagua, FOB; IGC 4/ Argentina Up River, FOB; IGC5/ Rotterdam CIF; US origin; Oil World. 6/ US Farm Price, Inshell, USDA.

11/ Phil/Indo CIF NW Europe; Oil World

Table 29: Oilseed Prices U.S. Dollars per Metric Ton

Soybean Peanut Sunseed

1/ U.S. Farm Price; USDA. 2/ U.S. NO.1 Yellow Cash Central Illinois; AMS.

3/8/2016 12:55:33 PM


Year FishBeg U.S. Brz Arg Hamb U.S. Rott HambOct 1 1/ 2/ 3/ 4/ 6/ 7/ 8/

Oct - Sep Average04/05-13/14 357 336 324 393 186 227 1337

2004/05 202 172 157 231 94 120 6652005/06 192 176 158 215 85 122 10602006/07 226 199 181 276 116 178 12202007/08 370 337 299 469 191 298 11462008/09 365 333 290 401 168 178 11032009/10 343 327 311 391 167 222 1,6682010/11 381 383 386 418 242 254 1,6072011/12 434 442 442 461 272 263 1,4482012/13 516 489 506 538 266 318 1,7912013/14 540 500 509 533 263 315 1,660

2014/15 Oct 421 411 414 440 179 263 1,770 Nov 487 434 445 460 229 289 1,836 Dec 476 436 439 453 270 290 1,852 Jan 419 402 419 431 273 284 1,790 Feb 408 378 403 412 249 268 1,715 Mar 394 365 369 392 223 258 1,630 Apr 371 349 358 380 223 255 1,539 May 353 340 354 371 212 267 1,525 Jun 369 338 357 372 199 258 1,506 Jul 414 394 376 389 236 269 1,466 Aug 394 332 354 373 245 270 1,469 Sep 368 334 348 362 238 255 1,480 Average 406 376 386 403 231 269 1,632

2015/16 Oct 362 331 346 351 234 260 1,531 Nov 340 308 330 328 207 253 1,537 Dec 319 294 301 317 180 227 1,503 Jan 308 294 307 316 173 210 1,476 *Feb 302 282 301 303 145 205 1,472 Mar Apr May Jun Jul Aug Sep Average 326 302 317 323 188 231 1,504

1/ Decatur, Average Wholsale 48% Protein; USDA. 2/ Brazil Paranagua, FOB; 48% Protein; IGC.3/ Argentina Pellets, Up River, FOB; IGC; 4/ Hamburg FOB 44/45% Ex-Mill; Oil World.5/ Memphis FOB; 41% Protein Solvent Extraction; USDA; 6/ Minneapolis FOB; 32% Protein; USDA.7/ HiPro a.o. cif France (Beg Sep 2013); Ukraine DAF (Beg. Aug 2012); Rotterdam CIF; Argentina Pellet 37-38% (Prior to Aug 2012); Oil World. 8/ Bremen 64-65% Protein; Oil World.9/ Hamburg FOB; Ex-Mill 34% Protein; Oil World.* Preliminary

U.S.5/

265

137

Table 30: Protein Meal Prices U.S. Dollars per Metric Ton

Soybean SunseedCottonseed

244302303

416

159166280281

346333342318

366

382345367

324335

322322

302310330326

295

RapeseedHamb

9/

241

131129184

295274262

295353

257

323

298195221278

262262287285

263278279271

257231216218

264270254269

3/8/2016 12:55:33 PM

225

203


Year Cottonseed Palm Canola Coconut CornBegin U.S. Brz Arg Rott U.S. U.S. Rott U.S. Rott Malay Rott Rott U.S.Oct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/ 13/

Oct - Sep Average04/05-13/14 856 864 863 956 1,016 1,391 1,039 1,594 1,543 773 1,019 1,014 945

2004/05 507 466 471 545 609 962 703 1,171 1,102 392 660 636 6142005/06 516 474 467 573 649 896 635 981 931 416 770 583 5552006/07 684 673 667 771 787 1,279 846 1,253 1,219 655 852 812 7012007/08 1,147 1,190 1,191 1,327 1,622 2,010 1,639 2,225 2,018 1,058 1,410 1,306 1,5292008/09 709 740 741 826 820 1,108 837 1,539 1,339 633 868 735 7222009/10 793 848 829 924 888 1,164 956 1,353 1,291 793 927 921 8662010/11 1,173 1,210 1,211 1,306 1,202 1,899 1,404 1,806 1,751 1,154 1,367 1,772 1,3312011/12 1,144 1,162 1,164 1,241 1,173 1,834 1,254 2,247 2,455 1,032 1,258 1,244 1,2362012/13 1,039 1,012 1,014 1,098 1,071 1,452 1,189 1,934 1,963 791 1,127 858 1,0292013/14 843 871 870 950 1,337 1,304 929 1,430 1,355 803 954 1,278 869

2014/15 Oct 752 764 770 836 914 1,389 874 1,322 1,365 693 836 1,150 761 Nov 737 765 772 830 898 1,361 892 1,337 1,368 693 836 1,194 749 Dec 718 772 772 820 889 1,279 877 1,326 1,370 656 814 1,217 743 Jan 713 773 784 799 991 1,389 837 1,238 1,391 652 773 1,155 769 Feb 696 725 723 773 1,076 1,447 802 1,225 1,366 662 751 1,187 797 Mar 681 676 663 748 1,015 1,445 801 1,206 1,356 629 749 1,091 832 Apr 686 670 665 749 1,062 1,444 838 1,208 1,348 610 742 1,080 866 May 720 704 701 781 1,078 1,433 904 1,205 1,345 628 766 1,133 871 Jun 744 712 708 793 1,104 1,538 918 1,241 1,345 638 806 1,131 889 Jul 695 658 652 751 1,084 1,618 832 1,282 1,345 610 786 1,100 915 Aug 636 633 632 730 1,020 1,653 812 1,293 1,331 524 755 1,037 898 Sep 583 614 616 727 973 1,653 815 1,294 1,321 521 766 1,063 828 Average 697 706 705 778 1,009 1,471 850 1,265 1,354 626 782 1,128 827

2015/16 Oct 598 673 665 742 976 1,587 883 1,272 1,314 565 802 1,108 807 Nov 582 678 675 726 996 1,422 862 1,280 1,298 541 790 1,073 803 Dec 655 677 680 761 1,066 1,367 852 1,290 1,283 539 818 1,147 843 Jan 637 658 651 727 1,043 1,279 846 1,239 1,274 550 777 1,155 880 *Feb 657 680 675 758 1,015 1,196 869 1,213 1,271 613 781 1,216 888 Mar Apr May Jun Jul Aug Sep Average 626 673 669 743 1,019 1,370 862 1,259 1,288 562 794 1,140 8441/ Decatur; Average Wholesale Tank Crude; USDA. 2/ Brazil Paranagua, FOB Crude; IGC.3/ Argentina Up River, FOB Crude; IGC 4/ Dutch FOB; Ex-Mill; Oil World. 5/ PBSY Greenwood MS; USDA. 6/ Minneapolis FOB; USDA. 7/ EU FOB NW Euro; Oil World. 8/ South East Mills FOB; Tank Cars Crude; USDA. 9/ Rotterdam CIF; Any Origin; Oil World. 10/ Malaysia FOB; RBD; Oil World. 11/ Rotterdam, Dutch FOBEx-Mill; Oilworld. 12/ Rotterdam CIF; Phil/Indo; Oil World. 13/ Chicago; Crude; AMS * Preliminary

Table 31: Vegetable Oil Prices U.S. Dollars per Metric Ton

3/8/2016 12:55:33 PM

Soybean Sunseed Peanut


devaluation energizes argentine soybean crush · 17-feb-16. arg. peso. exchange rate* and constant...

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